PNB banks on prime real estate to raise Rs 2,000cr

NEW DELHI: State-run Punjab National Bank has identified at least three prominent properties in the Capital that it plans to monetise to mop up around Rs 1,800-2,000 crore, while insisting that it is adequately capitalised to bear the impact of the Rs 11,300 crore fraud. Sources told TOI that apart from its earlier headquarters in Bhikaji Cama Place, the bank has also identified a large office space in Tolstoy Marg in central Delhi, as well as its Delhi zonal office in Rajendra Place as potential assets to be put on…

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