Punjab & Sind Bank will hold a meeting of the Board of Directors of the Company on 28 February 2024.Powered by Capital Market - Live News

The Board of Punjab & Sind Bank will meet on 28 February 2024 to consider the following items:1) To raise capital up to an amount and aggregating to Rs.2000 crore in any combinations(s) thereof and in one or more tranches within a period of 12 months from the date of approval by way of issue of:a) Equity shares through Public Issue (Follow on Public Offer) / Rights Issue / Qualified Institutional Placement(s) / Preferential Issue or any other mode orcombination(s) thereofb) Bonds in the form of Basel III compliant Additional Tier I Bonds / Basel III compliant Tier II Bonds.Powered by Capital Market - Live News

Net profit of Punjab & Sind Bank declined 69.37% to Rs 114.31 crore in the quarter ended December 2023 as against Rs 373.24 crore during the previous quarter ended December 2022. Total Operating Income rose 18.20% to Rs 2491.03 crore in the quarter ended December 2023 as against Rs 2107.44 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Total Operating Income2491.032107.44 18 OPM %63.0681.45 - PBDT180.70551.79 -67 PBT180.70551.79 -67 NP114.31373.24 -69 Powered by Capital Market - Live News

Punjab & Sind Bank will hold a meeting of the Board of Directors of the Company on 31 January 2024.Powered by Capital Market - Live News

Punjab & Sind Bank has reviewed the Marginal Cost of Fund Based Lending Rate across tenors with effect from 16 January 2024 as under:Overnight - 8.00% One month - 8.30% Three month - 8.45%Six month - 8.75%One year - 8.95% Further, the Bank has left the existing rate of Base Rate unchanged at 9.70% and BPLR at 14.00%.Powered by Capital Market - Live News