Punjab & Sind Bank

It is hereby informed that Infomerics Ratings vide its rating action dated 09.03.2023 has assigned the Rating of IVR AA/Stable to our existing Tier II Bond Series XV of Rs.237.30 crore. The details are as under:Instrument Rated Amount(Rs. crore) Rating Rating ActionBasel III Tier II Bonds 237.30 IVR AA/Stable AssignedTotal 237.30 The Rating Rationale has also been enclosed for reference.We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015