Punjab National Bank (PNB) plans to raise about ₹7,500-crore equity capital in 2024-25 in one or more tranches.Also read: PNB shifting gears to become IT-driven banking powerhouse: GoelThe PNB Board took this decision at its meeting on Thursday.The capital will be raised through Qualified Institutions Placement (QIP)/Follow on Public Offer (FPO) or any other permitted mode or a combination of such modes, PNB said in a filing with the stock exchanges.The country’s second largest public sector bank had Board approval to raise capital worth ₹12,000 crore in 2023-24.Atul Kumar Goel, Managing Director & CEO, PNB had, post the Q2 results announcement, said that the bank was comfortably…
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Punjab National Bank plans to raise capital up to ₹7,500 crore in 2024-25
