Punjab & Sind Bank has received an approval for raising of equity capital aggregating up to Rs 1000 crore through Public Issue (Follow on Public Offer) / Right Issue / Qualified Institutional Placement(s) / Preferential Issue or any other mode or a combination(s) thereof in one or more tranches up to March 31, 2019. The Board of Directors in its meeting held on December 26, 2017, resolved and approved the same.
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.
