The country's second largest lender Punjab National Bank is planning to hit capital markets in the fourth quarter this fiscal to raise funds to help meet growth needs and regulatory requirements.
At the moment, the bank is sufficiently capitalised with the capital adequacy ratio of 14.14 per cent at the end of March 2020, PNB Managing Director S S Mallikarjuna Rao told in an interview.
"However, we will finalise the opening balance sheet of amalgamated entities in the next board meeting in July. Probably then the bank will get an actual estimate of the capital (requirement)," he said
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