New Delhi, July 18 -- Punjab National Bank (PNB) has mobilised around USD 419 million in Foreign Currency Non-Resident Bank (FCNR(B)) deposits and remains on track to achieve its USD 2.5 billion target by September 30, despite higher global yields and ongoing negotiations over deposit rates, Executive Director Amit Kumar Srivastava told ANI.

Speaking exclusively to ANI after the bank announced its first-quarter FY27 earnings, Srivastava said PNB is also planning to raise another USD 500 million through overseas bonds, taking its overall overseas fundraising target to USD 3 billion.

"As far as FCNR(B) deposit is concerned, we have set a target of USD 2.5 billion. Another... we are trying for MTM raising the bond size also overseas of hal...