PNB Board To Consider Capital Raise
The bank aims to raise funds through approved methods or a mix in FY 2024-25. Punjab National Bank (PNB) operates in Treasury Operations, Corporate/Wholesale Banking, Retail Banking, Digital Banking and other areas.
In Q2 FY24, the company reported a consolidated net profit of Rs 1990.18 crore, a significant increase from Rs 494.11 crore in Q2 FY23. Its total income surged by 28.2 per cent YoY to Rs 29,857.05 crore in Q2 FY24.
On Friday, the stock closed with a 0.68 per cent decline at Rs 89.22 on the BSE. Additionally, the stock exchanges will be closed on Monday, 25 December 2023, in observance of Christmas.
