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Outcome of board meeting of Punjab National Bank

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Capital Market

Held on 04 November 2016

Punjab National Bank announced that the Board of Directors of the Company at its meeting held on 04 November 2016 have considered and approved raising of Basel III compliant debt instruments - Prepetual Additional Tier I Capital bonds to the extent of Rs 3000 crore and Tier II bonds up to Rs 3000 crore, subject to availability of headroom in one or more tranches.

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First Published: Nov 05 2016 | 12:58 PM IST

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