PNB to get capital boost; housing finance stake sale credit positive for PSU bank

Last month state-run Punjab National Bank announced that it will sell 13 per cent stake in PNB Housing Finance for Rs 1,850 crore (USD 270 million) to global private equity firm General Atlantic Group and alternative investment firm Varde Partners.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2OUKZP7