Punjab National Bank’s board has approved raising up to Rs 6,000 crore by issuing bonds. 

The decision was taken at the meeting of the board of directors on Friday. 

In a regulatory filing, the bank said its board has "approved raising of capital through issue of Basel III additional Tier-1 (AT-1) bonds or Tier II bonds or a combination of both in one or more tranches up to an amount of Rs 6,000 crore".