New Delhi: Public sector Punjab National Bank (PNB) is planning to hit the capital market in the fourth quarter of the current financial year. After recently merging two state-owned banks, the bank is going to forecast the capital requirement for its growth and regulatory requirements.
PNB Managing Director Mallirjun Rao said, “The bank has adequate capital position now.” The bank had a capital adequacy ratio of 14.14 percent as at the end of March 2020. “We will make a summary account of the assets and liabilities of the merged entities with our merged entities in the meeting of the board of directors in July,” he said. Probably at that time, the bank will be able to estimate the capital requirement correctly. “Rao said that we plan to raise capital at the end of the third quarter or the beginning of the fourth quarter.
