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Board of Punjab National Bank approves raising capital up to Rs 12K cr

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Capital Market
Last Updated : Mar 29 2022 | 11:17 PM IST

At meeting held on 29 March 2022

The Board of Punjab National Bank at its meeting held on 29 March 2022 has approved raising of capital for an amount up to Rs.12000 Crore through issue of Basel III compliant AT-1 Bonds up to Rs.5500 Crore and Tier II Bonds up to Rs.6500 Crore, to be raised in one or more tranches.

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First Published: Mar 29 2022 | 10:09 PM IST

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