Punjab National Bank announced that CRISIL Ratings has upgraded the rating on the Tier I Bonds (under Basel III) of Punjab National Bank (PNB) from'CRISIL AA-/Stable' to 'CRISIL AA/Stable'. Further, the rating agency has also reaffirmed its rating on Tier II Bonds (under Basel III), Lower Tier II Bonds (under Basel II), Upper Tier II Bonds (under Basel II), Perpetual Tier I Bonds (under Basel II) & Infrastructure
Bonds at 'CRISIL AA+/Stable' and Certificate of Deposits at 'CRISIL A1+'
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