Question
Punjab National Bank (PNB) plans to raise upto _________
in capital through additional tier I bonds (AT1 bonds) and tier II bonds in the next financial year (2023-24 or FY24).Solution
Punjab National Bank (PNB) plans to raise upto Rs 12,000 crore in capital through additional tier I bonds (AT1 bonds) and tier II bonds in the next financial year (2023-24 or FY24). It would raise capital by issuing AT-1 bonds upto Rs 7,000 crore and tier- II Bonds up to Rs 5,000 crore, in one or more tranches.
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