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

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

Published: 10th September 2021 06:43 PM  |   Last Updated: 10th September 2021 06:43 PM   |  A+A-

Punjab National Bank

Punjab National Bank (File Photo | Reuters)

By PTI

NEW DELHI: 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".



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