Punjab & Sind Bank plans to raise up to Rs 500 crore

Through private placement of Basel-Ill Compliant Tier-II Bonds

Punjab & Sind Bank announced that in terms of powers delegated by the Board, the Bank proposes to issue Basel-Ill Compliant Tier-II Bonds amounting up to Rs. 500 crore by way of Private Placement.

The Bank has received ratings of "CRISIL AA/Stable" by CRISIL Ratings and "CARE AA" by CARE Ratings for the proposed issue of Bank.

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