Punjab & Sind Bank is planning to raise Basel III Compliant Tier II Bonds through Private Placement aggregating up to Rs 500 core. The proposed Bonds issue has been rated as “AA” by CARE and 'AA with Stable Outlook-' by Brickwork Ratings.
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.
