Punjab National Bank receives revision in credit ratings from ICRA

Punjab National Bank has received revision in credit ratings from ICRA as under:

Basel III Compliant Tier II Bonds (Rs 4000 crore) - [ICRA]AA(hyb) (Stable) (upgraded)
Infrastructure Bond (Rs 3000 crore) - [ICRA]AA (Stable) (upgraded)
Basel II Compliant Lower Tier II Bonds (Rs 1200 crore) - [ICRA]AA (Stable) (upgraded)
Certificate of Deposit (Rs 60000 crore) - [ICRA]A1+ (reaffirmed)

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