Punjab National Bank receives ratings action from India Ratings

Long Term Issuer Rating - IND AAA/Stable (Affirmed)Additional Tier (AT1) Bonds - IND AA+/Stable (Affirmed)Fixed Deposits - IND AAA/Stable (Affirmed)Basel Ill Tier II Bonds - IND AAA/Stable (Affirmed)Senior Infrastructure Bonds - IND AAA/Stable (Affirmed)Senior Infrastructure Bonds - IND AAA/Stable (Assigned)Certificate of Deposit (CDs) - IND A1+ (Affirmed)