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Govt to infuse Rs 800 crore in Punjab & Sind Bank

24 Sep 2019 Evaluate

Punjab & Sind Bank’s board has approved the capital infusion up to Rs 800 crore by Government of India by way of Preferential Issue of Equity shares.

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.

Peers
Company Name CMP
State Bank Of India 981.20
PNB 115.50
Bank Of Baroda 235.25
Canara Bank 123.15
Union Bank Of India 177.05
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