The bank issued 8.30% unsecured, subordinated, non-convertible, fully paid-up, taxable, Basel Ill compliant additional tier I (AT1) bonds of Rs 1 crore eachm which will qualify as tier I capital. Punjab National Bank is a public sector bank. As on 30 June 2022, Government of India held 73.15% stake in the bank. As on 30 June 2022, the bank had 10,058 number of branches and 13,219 number ATMs. Punjab National Banks net profit tumbled 69.9%to Rs 308.44 crore on 6.7% fall in total income to Rs 21,294 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News
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