PNB Housing Finance board approves Rs 2000 crore fundraising plan
The mortgage lender said it would also be evaluating other alternatives to raise capital. Its capital adequacy ratio stood at 20.7% at the end of September, higher than regulatory stipulation of 15%. “The primary objective is to raise capital to support the growth of the company,” the company said.
RBI gearing up to fintech challenge, asks banks to be vigilant tooBanks need to be agile and creative to stay ahead of the digital curve, but banks will have to align their products in compliance with existing laws and regulations.
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