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Punjab National Bank receives revision in credit ratings from ICRA

Capital Market 

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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, November 21 2020. 10:56 IST