ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

PNB plans to raise Rs 6,000 cr via bonds

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
PNB plans to raise Rs 6,000 cr via bonds
The board will be considering issuance of Basel III compliant debt instruments - Perpetual Additional Tier I capital bonds worth Rs 3,000 crore and Tier-II bonds of up to Rs 3,000 crore. Image Source: Reuters

State-owned Punjab National Bank today said it plans to raise Rs 6,000 crore in tranches from bonds to fund business expansion.

The board will be considering issuance of Basel III compliant debt instruments - Perpetual Additional Tier I capital bonds worth Rs 3,000 crore and Tier-II bonds of up to Rs 3,000 crore, PNB said in a regulatory filing to stock exchanges.

The fund raising is subject to availability of headroom in one or more tranches, it said.

The board meeting will be held on November 4, it added.

Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments or convert them into common equity if approved by the RBI.

AT-1 bonds qualify as core or equity capital. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Punjab National Bank (PNB)Banking & Financial ServicesBondsTier III bondsTier I capital bondsTier II bondsFund raising
Written By: PTI
Updated: Sat, Oct 29, 2016
03:49 pm
PTI
RELATED NEWS
PNB Q3 Results: Net profit falls 44% to Rs 629 crore, misses analysts' estimates PNB Q3 Results: Net profit falls 44% to Rs 629 crore, misses analysts' estimates
PNB case: Diamantaire Nirav Modi's Pune flats to be auctioned in February 2023 PNB case: Diamantaire Nirav Modi's Pune flats to be auctioned in February 2023
IL&FS transfers two more road assets worth Rs 976 crore to Roadstar Invit IL&FS transfers two more road assets worth Rs 976 crore to Roadstar Invit

LATEST NEWS

Home, personal loan EMIs set to rise as RBI hikes repo rate for 6th in a row - Here's the math behind it

OnePlus 11, OnePlus 11R 5G launched: Check prices, specifications, availability and other details

5 considerations before you join the remote workforce

TSBIE Hall Tickets 2023 to release soon on tsbie.cgg.gov.in - Check TS Inter 1st, 2nd Year timetable

Lucknow name change: BJP MP Sangam Lal Gupta demands to rename Uttar Pradesh capital

Should you buy, sell or hold Hero MotoCorp, Ambuja, Paytm shares? Here's what analysts suggest

RBI Policy: Shaktikanta Das delivers 6th back-to-back rate hike; inflation, GDP projections tweaked

Aero India 2023 - Check Dates, Schedule, Timing, Venue, Ticket prices, How to buy and Participants details

CBSE Exam 2023: Admit Card for Class 10, 12 released on cbse.gov.in - Check steps to download and exam timing

Turkey, Syria earthquake death toll mounts to 8,364

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV