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

23 Nov 2016 Evaluate

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.

Punjab & Sind Bank Share Price

25.15 -0.06 (-0.24%)
20-Apr-2026 10:27 View Price Chart
Peers
Company Name CMP
SBI 1107.55
PNB 114.65
Canara Bank 143.25
Bank Of Baroda 280.70
Union Bank Of India 188.45
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