Punjab & Sind Bank is currently trading at Rs. 19.95, down by 0.05 points or 0.25% from its previous closing of Rs. 20.00 on the BSE.
The scrip opened at Rs. 19.90 and has touched a high and low of Rs. 20.10 and Rs. 19.55 respectively. So far 27588 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.79 on 19-Feb-2021 and a 52 week low of Rs. 10.42 on 16-Oct-2020.
Last one week high and low of the scrip stood at Rs. 21.00 and Rs. 19.50 respectively. The current market cap of the company is Rs. 8105.34 crore.
The promoters holding in the company stood at 97.07%, while Institutions and Non-Institutions held 1.05% and 1.88% respectively.
Punjab & Sind Bank has declared Lanco Infratech as a fraud account. The NPA account, Lanco Infratech, with outstanding dues of Rs 215.17 crore has been declared as fraud and reported to RBI. Further, the account has been fully provided for as per existing RBI norms. Lanco Infratech is among the first 12 accounts that were listed by RBI for corporate insolvency resolution.
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.
