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    Question

    Which bank’s housing finance arm has received capital

    markets regulator SEBI’s nod to raise up to Rs 2,500 crore through rights issue of shares?
    A Canara Bank Correct Answer Incorrect Answer
    B Indian Overseas Bank Correct Answer Incorrect Answer
    C Union Bank of India Correct Answer Incorrect Answer
    D Punjab National Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    PNB Housing Finance, an arm of state-owned Punjab National Bank, has received capital markets regulator SEBI’s nod to raise up to Rs 2,500 crore through rights issue of shares. The company intends to utilise the net proceeds from the issue towards augmenting its capital base.

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