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Punjab & Sind Bank spurts on plan to raise Rs 500 crore through Basel III bonds

06 Oct 2016 Evaluate

Punjab & Sind Bank is currently trading at Rs 52.55, up by 0.15 points or 0.29% from its previous closing of Rs. 52.40 on the BSE.

The scrip opened at Rs. 52.70 and has touched a high and low of Rs. 52.95 and Rs. 52.05 respectively. So far 12929 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.25 on 08-Sep-2016 and a 52 week low of Rs. 31.55 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 53.50 and Rs. 49.00 respectively. The current market cap of the company is Rs. 2096.15 crore.

The promoters holding in the company stood at 79.62%, while Institutions and Non-Institutions held 12.32% and 8.06% respectively.

Punjab & Sind Bank has decided to raise Rs 500 crore by issuing Basel III compliant bonds through private placement. The proposed bond issue has been rated as 'AA' by CARE & 'AA' (negative outlook) by Crisil. The Bids for issue of bonds shall be invited through Electronic Biding Platform (EBP).

Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.

Punjab & Sind Bank Share Price

24.93 0.12 (0.48%)
05-May-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1059.75
PNB 107.90
Canara Bank 134.30
Bank Of Baroda 263.30
Union Bank Of India 163.80
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