Punjab National Bank (PNB.BO)

India's Punjab National Bank seeks to close institutional share sale in 6 months, CEO says

India's Punjab National Bank aims to close a planned share sale to large investors over the next 6 months, its chief executive said on Friday, as the state-run lender looks to shore up capital. The country's largest lender, State Bank of India, is also open to raise equity capital. Punjab National Bank's board had in December approved a 75 billion rupees ($898 million) fund raise through equity capital.