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The Punjab National Bank (PNB) has raised Rs 1,500 crore through issue of Basel III complaint bonds on a private placement basis.
It has said in a regulatory filing that “The bank has raised Rs 1,500 crore additional tier-I (Basel III complaint) capital bonds at a coupon of 8.98 percent per annum on private placement basis.”
Banks, for the purpose of complying with Basel III Capital Regulations, needs to improve and strengthen their capital planning processes.
