Punjab National Bank(PNB) stated that,it has got approval from its board to raise up to Rs.11,000 crore via various securities.
In a BSE filing the bank stated that,the Board of Directors gave approval for raising common equity tier capital up to Rs.5,000 crore as per Basel III requirements.
Further it stated that, it has got approval for raising Basel III compliant debt instrument,Perpetual Additional Tier I capital bonds up to Rs.3,000 cr and Tier II bonds up to Rs.3,000 cr subject to availability of headroom in one or more tranches.
