Punjab National Bank — Others, 07-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Punjab National Bank has announced a board meeting that includes a review of the financial results for the quarter and half-year. The bank raised Rs. 2950 Cr through a private placement of long-term bonds (Series III) and has fully utilized the proceeds as planned, with no deviations. Both the audit committee and auditors have confirmed that the funds were used appropriately. This disciplined capital raising and transparent fund deployment reinforce the bank’s financial stability and support its growth strategy.