Indian Financial institution has nod to boost ₹12,000 cr, embarks on a 3-pronged plan to maintain deposit development

Indian Financial institution’s Chief Shanti Lal Jain stated the Financial institution has initiated a three-pronged technique to mobilise deposits, addressing the growing challenges confronted by the banking business in securing deposits. The Chennai-headquartered Public sector lender additionally stated it has acquired approvals to boost ₹7,000 crore in fairness and ₹5,000 crore in debt. As of … Read more

Punjab Nationwide Financial institution plans to lift capital as much as ₹7,500 crore in 2024-25

Punjab Nationwide Financial institution (PNB) plans to lift about ₹7,500-crore fairness capital in 2024-25 in a number of tranches. Additionally learn: PNB shifting gears to turn into IT-driven banking powerhouse: Goel The PNB Board took this choice at its assembly on Thursday. The capital can be raised by means of Certified Establishments Placement (QIP)/Observe on … Read more