PNB plans to raise Rs 7,000 cr from QIP in Dec, credit growth to be less than 5%

The bank has already taken approval from the board for raising Rs 14,000 crore by way of Tier II, Additional Tier 1 (AT-1) bonds and QIP (Qualified Institutional Placement), PNB Managing Director S S Mallikarjuna Rao said in a virtual interaction with the media.

 
– Stocks-Markets-Economic Times

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