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The Punjab National Bank and Union Bank aims to increase a combined Rs 17,800 crore in one or more tranches this year.
Punjab National Bank, the second largest public sector lender of country will be raising up to Rs 3,000 crore through Basel III complaint additional tier-I bonds.
The bank has said in a regulatory filing that the money raise will be subject to availability of headroom in one or more tranches.
During this fiscal, the bank is going to raise up to Rs 6,350 crore in the form of core equity capital and/or additional tier I bonds or tier II bonds.
