Punjab National Bank To Raise Up To Rs 6,000 Crore Via Bonds

New Delhi: State-owned Punjab National Bank (PNB) on Thursday said it proposes to raise up to Rs 6,000 crore through issuing bonds to fund business growth. The lender's board has approved raising "Basel III compliant debt instrument-Perpetual Additional Tier I Capital bonds to the extent of Rs 3,000 crore and Tier-II bonds up to Rs 3,000 crore", PNB said in a regulatory filing. The fund raising would be subject to availability of h...