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PNB to infuse Rs 600 cr in PNB Housing Finance

Friday, 31 Jul 2020
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The Punjab National Bank (PNB) has decided to infuse capital of an amount up to Rs 600 crore in PNB Housing Finance (PNBHFL), an housing finance company promoted by the state-run bank, subject to Regulatory Approvals, as and when PNBHFL decides to raise capital. 
The bank has issued and allotted Rs 994 crore Tier-II (Basel-III Compliant) capital bonds at a coupon of 7.25 percent per annum on private placement basis. The issue opened on 27 July 2020 and closed on 29 July 2020. There were a total of 17 allottees under this issue.


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