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Board of Punjab National Bank approves capital raising under Tier I & Tier II

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Last Updated : Apr 28 2017 | 8:01 PM IST

At meeting held on 28 April 2017

The Board of Directors of Punjab National Bank at its meeting held on 28 April 2017 has granted permission to raise Basel III Compliant Debt instrument - Perpetual Additional Tier I Capital bonds to the extent of Rs. 3000 crore and Tier - II bonds up to Rs. 3000 cror, subject to availability of headroom in one or more tranches.

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First Published: Apr 28 2017 | 7:49 PM IST

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