Public sector lender Punjab National Bank (PNB) on Wednesday said its board has approved raising up to Rs 11,000 crore through various securities.

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The Board of Directors accorded approval for raising common equity tier capital up to Rs 5,000 crore as per Basel III requirements, the bank said in a BSE filing.

It further said the board has granted approval for raising Basel III compliant debt instrumentPerpetual Additional Tier I capital bonds to the extent of Rs 3,000 crore and Tier II bonds up to Rs 3,000 crore subject to availability of headroom in one or more tranches.