Punjab & Sind Bank to raise Rs 750 cr via bonds 
News Updates

Punjab & Sind Bank to raise Rs 750 cr via bonds

Punjab & Sind Bank plans to raise Rs 750 crore from bonds to fund business growth

PTI

New Delhi: State-owned Punjab & Sind Bank on Monday said that it plans to raise Rs 750 crore from bonds to fund business growth. The decision to this effect was taken in the board meeting on Monday.

Also read:Punjab & Sind Bank reviews MCLR

The board has approved the raising of capital up to Rs 750 crore through the issuance of Basel-III compliant Additional Tier-I Bonds or Tier-II Bonds, the bank said in a regulatory filing. The fundraising will be done in one or more tranches within a period of 12 months, it said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Also Read

SECL CMD Harish Duhan assumes additional charge as CMD of WCL

Stock markets bounce back in early trade after sharp decline on Budget day

Budget 2026–27: FM unveils multi-sector push covering manufacturing, logistics, tax reforms and healthcare

FM proposes incentives of Rs 100 crore for single bond issuance by municipal corporations

GAIL reports net profit of Rs 5,706 crore for nine months of FY'26