PNB board gives nod to raise Rs 1,000 cr by issuing Basel III bonds
PTI, Feb 4, 2020, 11:11 AM IST
New Delhi: Punjab National Bank on Monday said it has got the nod from its board to raise up to Rs 1,000 crore by issuing Basel III compliant bonds.
The Board of the Bank in its meeting held on Monday has granted permission for raising funds through issuance of Basel-III compliant Tier-II bonds amounting up to Rs 1,000 crore in one or more tranches.
Stocks of PNB closed at Rs 57.35 on the BSE, down 2.88 per cent from the previous close.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Global trends, earnings, FII trading activity major drivers for markets this week: Analysts
India must address ‘inequality’ to become flourishing nation, says Tata Sons chairman
Vi rolls out annual plans with unlimited data usage from midnight till noon every day
Budget Wishlist: Financial sector seeks tax sops, steps to deepen financial markets
India’s manufacturing growth hits 12-month low in Dec amid softer rise in output, new orders
MUST WATCH
Latest Additions
Karnataka govt committed towards providing internal reservation among SCs: Siddaramaiah
Virat Kohli does not deserve place in team, need to end superstar culture: Irfan Pathan
Siddaramaiah challenges Kumaraswamy to prove corruption, commission charges against govt
Malayalam actress Honey Rose accuses man of ‘stalking’, outraging her modesty
Gavaskar upset after not being invited to present BGT with Border
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.