Punjab & Sind Bank receives reaffirmation in credit ratings

From ICRA

Punjab & Sind Bank has received reaffirmation in credit ratings from ICRA as under:

Basel II Lower Tier II Bonds (Rs 300 crore)- ICRA AA-; Negative (reaffirmed and withdrawn)

Basel III Additional Tier I Bonds (Rs 1000 crore) - ICRA A-; Negative (reaffirmed)

Certificate of Deposits (Rs 10000 crore) - ICRA A1+ (reaffirmed)

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