Sticking to the bank s previous guidance on restricting the gross NPAs below 14 per cent and net NPAs lower than 5 per cent by the end of the current fiscal, Rao said there has been an improvement in collection efficiency as well in January after a dampened December.
PNB also hopes to make good recovery of its exposure in crisis-hit DHFL, which is undergoing a resolution process currently.The bank has posted a net profit of ₹506 crore on a standalone basis in the quarter ended December 2020 of this fiscal
PNB to raise Rs 3,200 cr from share sale this quarter
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Last Updated: Feb 06, 2021, 01:50 PM IST
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The bank has raised Rs 3,788.04 crore from qualified institutional placement (QIP) in December following which the government holding in the bank came down from 85.59 per cent to 76.87 per cent.
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The bank had taken approval for raising Rs 14,000 crore through a mix of equity and debt. As per the plan, the bank decided to raise Rs Rs 3,000 crore from AT-1 bonds, Rs 4,000 crore from Tier II bonds and Rs 7,000 crore from QIP.
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Punjab National Bank on Saturday said it plans to raise Rs 3,200 crore from share sale during the current quarter to enhance its capital base.
Punjab National Bank to raise Rs 3,200 crore from share sale in current quarter
The state-owned bank has raised Rs 3,788.04 crore from QIP in December after which the government s stake in it dropped from 85.59 per cent to 76.87 per cent
BusinessToday.In | February 6, 2021 | Updated 15:53 IST
PNB had taken permission to raise Rs 14,000 crore through a mix of debt and equity
Punjab National Bank (PNB) on Saturday, February 6, said it is planning to raise Rs 3,200 crore from share sale during the current quarter to widen its capital base.
The state-owned bank has raised Rs 3,788.04 crore from QIP (qualified institutional placement) in December after which the government s stake in it dropped from 85.59 per cent to 76.87 per cent.