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    Question

    Which public sector bank has raised ₹3,090 crore worth

    of funds through the sale of 15-year tier-II bonds & has  planned a bond sale with a base size of ₹1,000 crore and a green shoe option of ₹3,000 crore? 
    A State Bank of India Correct Answer Incorrect Answer
    B Canara 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

       Punjab National Bank raised ₹3,090 crore worth of funds through the sale of 15-year tier-II bonds.    The public sector bank had planned a bond sale with a base size of ₹1,000 crore and a green shoe option of ₹3,000 crore.    Meanwhile, financial institution Small Industries Development Bank of India (SIDBI) raised ₹3,000 crore through the sale of bonds maturing in September 2026 at a rate of 7.55%.

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