Punjab National Bank launches up to $777 million share sale

India`s state-run banks are raising funds as part of a recapitalisation plan in which New Delhi will inject 1.35 trillion rupees through recapitalisation bonds.

Punjab National Bank launches up to $777 million
The total fund-raising of 50 billion rupees, including the upsize option, is aimed at boosting the bank`s capital ratio. Image source: Youtube

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