Punjab & Sind Bank soars as govt approves Rs 5,500 crore capital infusion into Bank

Punjab & Sind Bank | Bank - Public | BFSI | BSE: 533295 | NSE: PSB

11 Nov 2020 Evaluate

Punjab & Sind Bank is currently trading at Rs. 11.78, up by 0.55 points or 4.90% from its previous closing of Rs. 11.23 on the BSE.

The scrip opened at Rs. 11.50 and has touched a high and low of Rs. 12.14 and Rs. 11.50 respectively. So far 5833 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.05 on 03-Jan-2020 and a 52 week low of Rs. 9.20 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 12.14 and Rs. 10.50 respectively. The current market cap of the company is Rs. 787.28 crore.

The promoters holding in the company stood at 83.06%, while Institutions and Non-Institutions held 6.08% and 10.85% respectively.

The government has approved infusion of Rs 5,500 crore capital into Punjab & Sind Bank (PSB) in lieu of preferential allotment of shares. The bank is in receipt of letter dated November 10, 2020 from the Ministry of Finance regarding sanction to infuse an amount of Rs 5,500 crore.

The capital infusion is towards the contribution of the central government in the preferential allotment of equity shares of the bank during financial year 2020-21. As per data on BSE, the government's shareholding in the bank as of September 30, 2020 stood at 83.06 per cent.

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

25.49 0.56 (2.25%)

06-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
SBI	1095.60
PNB	110.15
Canara Bank	138.10
Bank Of Baroda	270.80
Union Bank Of India	168.70
View more..

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