iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

PNB Board to mull fund raising for next fiscal on 29 Mar

22 Mar 2022 , 11:09 AM

In an exchange filing on Monday, PNB said, ?a meeting of the board of directors of the bank is scheduled on Tuesday, 29 March, 2022 for considering the proposal for raising of capital through issuance of Basel-III compliant Additional Tier-1 Bonds and/or Tier-2 Bonds or combination thereof, in one or more tranches for FY 2022-23.?

The public sector bank has not yet provided details on how much capital it is planning to raise via debt in 2022-23.

PNB is a public sector bank. It had a domestic branch network of 10,528 branches, two international branches and 13,506 automated teller machines as of September 2021. The Government of India held 73.15% stake in the bank as on 30 September 2021.

The bank reported a 122% jump in standalone net profit to Rs 1,126.78 crore on a 4.4% fall in total income to Rs 22,026.02 crore in Q3 FY22 over Q3 FY21.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.