Punjab & Sind Bank has received an approval for raising of equity capital up to an amount of Rs 500 crore through Qualified Institutional Placement(s) in one or more tranches within a period of 12 months i.e. up to December 05, 2020.
The Board of Directors of the Bank in its meeting held on December 06, 2019, 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.
