Hot Pursuit     07-Jun-23
Punjab & Sind Bank board to mull fund raising
Punjab & Sind Bank said that its board is scheduled to meet on Monday, 12 June 2023 for considering the proposal of raising of capital through issuance of Basel-III compliant Additional Tier-I Bonds or Tier-TI Bonds, in one or more tranches.
The issue will be made within a period of 12 months from the date of approval.

Punjab & Sind Bank is a relatively small PSB, founded in 1908 in New Delhi. GoI's ownership stood at 98.25% as on 31 March 2023. The bank has 1537 number of branches, out of which 572 are Rural, 281 Semi-Urban, 362 Urban and 322 Metro along with 835 number of ATMs, 357 Business Correspondents.

The bank reported 32.04% jump in net profit to Rs 456.99 crore on 32.08% rise in total income to Rs 2,651.98 crore in Q4 FY23 over Q4 FY22.

Shares of Punjab & Sind Bank rose 0.06% to end at Rs 32.23 on the BSE.

Previous News
  Sensex down 348 pts; FMCG shares under pressure
 ( Market Commentary - Mid-Session 07-Jul-23   14:36 )
  Punjab & Sind Bank standalone net profit rises 32.04% in the March 2023 quarter
 ( Results - Announcements 02-May-23   16:19 )
  Punjab and Sind Bank edges higher after CRISIL revises outlook on debt instruments
 ( Hot Pursuit - 18-Aug-23   11:43 )
  Punjab & Sind Bank soars 2.29%, gains for fifth straight session
 ( Hot Pursuit - 06-Feb-24   13:00 )
  Punjab & Sind Bank Q1 advances rises 11% YoY
 ( Hot Pursuit - 07-Jul-23   13:01 )
  Punjab & Sind Bank up for third straight session
 ( Hot Pursuit - 28-Dec-22   13:05 )
  Punjab & Sind Bank to conduct board meeting
 ( Corporate News - 28-Dec-22   11:22 )
  Board of Punjab & Sind Bank to consider capital raising up to Rs 250 cr
 ( Corporate News - 27-Dec-22   18:37 )
  Punjab & Sind Bank receives revision in credit ratings from ICRA
 ( Corporate News - 23-Feb-23   18:41 )
  Punjab & Sind Bank board to mull fund raising on Dec 30
 ( Hot Pursuit - 28-Dec-22   09:41 )
  Punjab & Sind Bank to declare Quarterly Result
 ( Corporate News - 03-May-24   17:09 )
Other Stories
  Rama Steel records 42% YoY rise in Q2 steel sales volume
  07-Oct-24   14:14
  Utilties shares fall
  07-Oct-24   14:00
  Power stocks edge lower
  07-Oct-24   14:00
  Industrials stocks slide
  07-Oct-24   14:00
  IndusInd Bank Ltd down for fifth straight session
  07-Oct-24   13:35
  Canara Bank eases for fifth straight session
  07-Oct-24   13:35
  Eicher Motors Ltd slips for fifth straight session
  07-Oct-24   13:35
  Bajaj Auto Ltd eases for fifth straight session
  07-Oct-24   13:35
  Samvardhana Motherson International Ltd slips for fifth straight session
  07-Oct-24   13:35
  Maruti Suzuki India Ltd eases for fifth straight session
  07-Oct-24   13:35
Back Top