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    HomeNewsBusinessPunjab National Bank's board approves raising Rs 6,000 crore

    Punjab National Bank's board approves raising Rs 6,000 crore

    The decision was taken at the meeting of the PNB board of directors on Friday.

    PTI
    September 10, 2021 / 18:42 IST

    Punjab National Bank (PNB) on Friday said its board has approved raising up to Rs 6,000 crore by issuing bonds.

    The decision was taken at the meeting of the board of directors on Friday.

    In a regulatory filing, the bank said its board has "approved raising of capital through issue of Basel III additional Tier-1 (AT-1) bonds or Tier II bonds or a combination of both in one or more tranches up to an amount of Rs 6,000 crore".

    PTI
    first published: Sep 10, 2021 06:42 pm

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