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Punjab & Sind Bank to seek shareholders' nod to set off accumulated loss from share premium a/c

29 Jun 2021 Evaluate

Punjab & Sind Bank has decided to seek shareholders' approval next month to set off accumulated losses of over Rs 3,577 crore from its share premium account. The 11th annual general meeting (AGM) of the shareholders will be held through audio-visual means on July 20, 2021.

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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