No need to approach govt for capital; bank to raise funds from market: PNB MD - THEMARKETTRENDZ

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Monday, 24 August 2020

No need to approach govt for capital; bank to raise funds from market: PNB MD

The bank has shareholders' approval for raising Rs 14,000 crore, comprising Rs 7,000 crore of the equity alone, from the market to meet COVID-related impact and finance growth, Punjab National Bank (PNB) Managing Director S S Mallikarjuna Rao said in a virtual interaction with reporters.

from Banking/Finance-Industry-Economic Times
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