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Punjab & Sind Bank planning to raise Rs 500 crore via QIP

04 Dec 2019 Evaluate

Punjab & Sind Bank is planning to raise up to Rs 500 crore through Qualified Institutional Placement (QIP) route. The meeting of Board of Directors of the Bank is scheduled to be held on December 06, 2019 to consider and approve the fundraising.

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 957.00
PNB 120.35
Bank Of Baroda 231.00
Canara Bank 116.40
Union Bank Of India 178.50
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