PNB to Raise $1 Billion for FCNR On-Lending Through International Loan

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banking

1 August 2026 at 9:36 am

PNB to Raise $1 Billion for FCNR On-Lending Through International Loan

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Summary

Punjab National Bank is raising $1 billion through a five-year loan with international financiers to enhance its FCNR on-lending capabilities, utilizing the Reserve Bank of India's special swap facility.

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