Punjab National Bank (PNB) has mobilised around USD 419 million in Foreign Currency Non-Resident Bank (FCNR(B)) deposits and remains on track to achieve its USD 2.5 billion target by September 30, despite higher global yields and ongoing negotiations over deposit rates, Executive Director Amit Kumar Srivastava told ANI.
Speaking exclusively to after the bank announced its first-quarter FY27 earnings, Srivastava said PNB is also planning to raise another USD 500 million through overseas bonds, taking its overall overseas fundraising target to USD 3 billion.
