PNB plans to raise ₹6,000 crore via bonds issue
State-owned Punjab National Bank on Saturday said it plans to raise ₹6,000 crore in tranches from bonds to fund its business expansion. The board will be considering issuance of Basel III-compliant Perpetual Additional Tier I capital bonds worth ₹3,000 crore and Tier-II bonds of up to ₹3,000 crore, the bank said in a regulatory filing to stock exchanges.