Punjab National Bank raises Rs 1,919 crore via bonds
The bank has issued and allotted Basel III compliant tier-II bonds at a coupon of 7.10 per cent per annum aggregating to Rs 1,919 crore on a private placement basis, it said in a BSE filing.
Modi exhorts banks to support wealth, job creators; increase country's balance sheetAddressing bankers at the symposium to 'Build Synergy for Seamless Credit Flow and Economic Growth', Modi said banks have to now adopt a partnership model to help businesses thrive and move away from the idea of being a loan "approver" to a loan "applicant".
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