Punjab National Bank has received assignment / affirmation in credit rating from India Ratings and Research on 08 September 2022:  AT1 Bonds –  IND AA+/Stable (Assigned) 
 Long-Term Issuer Rating – IND AAA/Stable (Affirmed) 
 Short-Term Issuer Rating – IND A1+ (Affirmed) 
 Fixed Deposits – IND AAA/Stable (Affirmed) 
 Certificates of Deposit (CDs) – IND A1+ (Affirmed) 
 Basel Ill Tier 2 Bonds – IND AAA/Stable (Affirmed) 
 AT1 Bonds – IND AA+/Stable (Affirmed) 
 Senior Infrastructure Bonds – IND AAA/Stable (Affirmed) 
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