04:40
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Punjab National Bank (PNB) has raised Rs 1000 crore Capital through Tier II (Basel III Compliant) Bonds. Recently, bank had decided to sell its entire stake in India Factoring & Financial Solutions (IFFSL) to parent promoter Fll (FIM Bank Malta) after receiving regulatory approvals. The transaction shall be completed during the current quarter ending March 31, 2014.
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Posted in: Indian Market Tips
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