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Punjab & Sind Bank Says ICRA Reaffirms Bank's Certificate Of Deposits Rating At A1+
March 10 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - ICRA REAFFIRMS PUNJAB & SIND BANK'S CERTIFICATE OF DEPOSITS RATING AT A1+
Source text: ID:nNSE9Ws2Dk
Further company coverage: PUNA.NS
(([email protected];;))
March 10 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - ICRA REAFFIRMS PUNJAB & SIND BANK'S CERTIFICATE OF DEPOSITS RATING AT A1+
Source text: ID:nNSE9Ws2Dk
Further company coverage: PUNA.NS
(([email protected];;))
India seeks advisers for minority stake sales in state-run banks, financial firms
NEW DELHI, Feb 25 (Reuters) - India has invited bids to appoint merchant bankers and legal advisers to sell the government's minority shareholding in select public sector banks and financial companies.
The government is looking to undertake minority stake sales in state-run banks and financial firms through an offer for sale, according to a document published on Monday on the Department of Investment and Public Asset Management's website, which did not name the lenders.
The federal finance ministry is looking dilute minority shareholdings in Central Bank of India CBI.NS, Indian Overseas Bank IOBK.NS, UCO Bank UCBK.NS, and Punjab and Sind Bank PUNA.NS, Reuters reported in November.
The plan to lower the government’s stake in banks and financial companies is required to comply with public shareholding norms mandated by the markets regulator.
The Securities and Exchange Board of India requires companies to maintain a 25% public shareholding, but has exempted government-owned firms from meeting these norms till August 2026.
The Indian government owns more than 93% in Central Bank of India, 96.4% in Indian Overseas Bank, 95.4% in UCO Bank and 98.3% in Punjab and Sind Bank. It also owns an 80% stake in Bank of Maharashtra BMBK.NS.
In the past, public sector banks launched qualified institutional placements (QIP) to raise capital, which, in turn, reduced the government's stake in state-run banks.
Merchant bankers and legal advisers will be appointed for three years and are required to submit their bids by March 27, the document said.
India has ditched its ambitious privatisation plans and put on hold a majority stake sale in at least nine state-owned units after opposition from relevant ministries.
Instead, it is continuing with minority stake sales in state-run companies. As of February, the government mopped up 86.25 billion rupees ($993.2 million) via stake sales in the 2024-25 financial year.
($1 = 86.8420 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Sonia Cheema)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
NEW DELHI, Feb 25 (Reuters) - India has invited bids to appoint merchant bankers and legal advisers to sell the government's minority shareholding in select public sector banks and financial companies.
The government is looking to undertake minority stake sales in state-run banks and financial firms through an offer for sale, according to a document published on Monday on the Department of Investment and Public Asset Management's website, which did not name the lenders.
The federal finance ministry is looking dilute minority shareholdings in Central Bank of India CBI.NS, Indian Overseas Bank IOBK.NS, UCO Bank UCBK.NS, and Punjab and Sind Bank PUNA.NS, Reuters reported in November.
The plan to lower the government’s stake in banks and financial companies is required to comply with public shareholding norms mandated by the markets regulator.
The Securities and Exchange Board of India requires companies to maintain a 25% public shareholding, but has exempted government-owned firms from meeting these norms till August 2026.
The Indian government owns more than 93% in Central Bank of India, 96.4% in Indian Overseas Bank, 95.4% in UCO Bank and 98.3% in Punjab and Sind Bank. It also owns an 80% stake in Bank of Maharashtra BMBK.NS.
In the past, public sector banks launched qualified institutional placements (QIP) to raise capital, which, in turn, reduced the government's stake in state-run banks.
Merchant bankers and legal advisers will be appointed for three years and are required to submit their bids by March 27, the document said.
India has ditched its ambitious privatisation plans and put on hold a majority stake sale in at least nine state-owned units after opposition from relevant ministries.
Instead, it is continuing with minority stake sales in state-run companies. As of February, the government mopped up 86.25 billion rupees ($993.2 million) via stake sales in the 2024-25 financial year.
($1 = 86.8420 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Sonia Cheema)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
India's Punjab & Sind bank jumps on robust Q3 results
** Shares of state-owned lender Punjab & Sind Bank PUNA.NS jump 9.44% to 50.65 rupees,
** Stock top gainer on public sector banks index .NIFTYPSU, which is up 3.3% on the day
** Co reports Q3 net profit of 2.82 bln rupees ($32.6 mln), up 147% YoY
** Net interest margin rises 24 bps YoY to 2.78%; gross non-performing assets fall 22.76% to Rs 36.75 bln
** Trading vols at 8.8 mln shares, 8x the 30 day avg and highest since end-July 2024
** Stock extends 12-month gain to ~14%
($1 = 86.4690 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
** Shares of state-owned lender Punjab & Sind Bank PUNA.NS jump 9.44% to 50.65 rupees,
** Stock top gainer on public sector banks index .NIFTYPSU, which is up 3.3% on the day
** Co reports Q3 net profit of 2.82 bln rupees ($32.6 mln), up 147% YoY
** Net interest margin rises 24 bps YoY to 2.78%; gross non-performing assets fall 22.76% to Rs 36.75 bln
** Trading vols at 8.8 mln shares, 8x the 30 day avg and highest since end-July 2024
** Stock extends 12-month gain to ~14%
($1 = 86.4690 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
Punjab & Sind Bank Q3 Net Profit 2.82 Bln Rupees
Jan 15 (Reuters) - Punjab & Sind Bank PUNA.NS:
Q3 NET PROFIT 2.82 BILLION RUPEES
Q3 GROSS NPA 3.83%
Q3 INTEREST EARNED 29.31 BILLION RUPEES
Q3 PROVISIONS & CONTINGENCIES 1.09 BILLION RUPEES
Q3 NET NPA 1.25%
Source text: ID:nBSEbXHXw0
Further company coverage: PUNA.NS
(([email protected];;))
Jan 15 (Reuters) - Punjab & Sind Bank PUNA.NS:
Q3 NET PROFIT 2.82 BILLION RUPEES
Q3 GROSS NPA 3.83%
Q3 INTEREST EARNED 29.31 BILLION RUPEES
Q3 PROVISIONS & CONTINGENCIES 1.09 BILLION RUPEES
Q3 NET NPA 1.25%
Source text: ID:nBSEbXHXw0
Further company coverage: PUNA.NS
(([email protected];;))
India New Issue-Punjab & Sind Bank accepts bids for bond issue, bankers say
MUMBAI, Dec 18 (Reuters) - India's Punjab & Sind Bank PUNA.NS has accepted bids worth 30 billion rupees ($353.31 million) for infrastructure bonds maturing in 10 years, three bankers said on Wednesday.
The state-run lender will pay an annual coupon of 7.74% on the issue and invited bids from bankers and investors earlier in the day, the bankers added.
The bank did not reply to a Reuters request for comment.
Here is the list of deals reported so far on Dec. 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Punjab & Sind Bank | 10 years | 7.74 | 30 | Dec. 18 | AA (Crisil, India Ratings) |
ICICI Prudential Life Insurance | 10 years | 8.03 | 10.40 | Dec. 18 | AAA (Crisil, Icra) |
HDB Financial Services | 2 years and 11 months | To be decided | 5+5 | Dec. 19 | AAA (Crisil, Care) |
LIC Housing Feb 2027 reissue | 2 years and 2 months | To be decided | 6+20 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | To be decided | 5+5 | Dec. 19 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 84.9110 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
MUMBAI, Dec 18 (Reuters) - India's Punjab & Sind Bank PUNA.NS has accepted bids worth 30 billion rupees ($353.31 million) for infrastructure bonds maturing in 10 years, three bankers said on Wednesday.
The state-run lender will pay an annual coupon of 7.74% on the issue and invited bids from bankers and investors earlier in the day, the bankers added.
The bank did not reply to a Reuters request for comment.
Here is the list of deals reported so far on Dec. 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Punjab & Sind Bank | 10 years | 7.74 | 30 | Dec. 18 | AA (Crisil, India Ratings) |
ICICI Prudential Life Insurance | 10 years | 8.03 | 10.40 | Dec. 18 | AAA (Crisil, Icra) |
HDB Financial Services | 2 years and 11 months | To be decided | 5+5 | Dec. 19 | AAA (Crisil, Care) |
LIC Housing Feb 2027 reissue | 2 years and 2 months | To be decided | 6+20 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | To be decided | 5+5 | Dec. 19 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 84.9110 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
India New Issue-Punjab & Sind Bank to issue 10-year infra bonds, bankers say
MUMBAI, Dec 16 (Reuters) - India's Punjab & Sind Bank PUNA.NS plans to raise 30 billion rupees ($353.7 million), including a greenshoe option of 25 billion rupees, through the sale of infrastructure bonds maturing in 10 years, three bankers said on Monday.
The state-run lender has invited bids from bankers and investors for the issue on Wednesday, the bankers added.
The bank did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on Dec. 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Punjab & Sind Bank | 10 years | To be decided | 5+25 | Dec. 18 | AA (Crisil, India Ratings) |
Mumbai Urja Marg | 13 years, 9 months and 15 days | 8.10 (payable quarterly) | 24.50 | Dec. 13 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 84.8250 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, Dec 16 (Reuters) - India's Punjab & Sind Bank PUNA.NS plans to raise 30 billion rupees ($353.7 million), including a greenshoe option of 25 billion rupees, through the sale of infrastructure bonds maturing in 10 years, three bankers said on Monday.
The state-run lender has invited bids from bankers and investors for the issue on Wednesday, the bankers added.
The bank did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on Dec. 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Punjab & Sind Bank | 10 years | To be decided | 5+25 | Dec. 18 | AA (Crisil, India Ratings) |
Mumbai Urja Marg | 13 years, 9 months and 15 days | 8.10 (payable quarterly) | 24.50 | Dec. 13 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 84.8250 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-Punjab & Sind Bank to issue 10-year infra bonds, bankers say
MUMBAI, Dec 11 (Reuters) - India's Punjab & Sind Bank PUNA.NS plans to raise 30 billion rupees ($353.64 million) through the sale of infrastructure bonds maturing in 10 years, three bankers said on Wednesday.
The state-run lender is likely to invite bids from bankers and investors next week, the bankers added.
The bank did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on Dec. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Punjab & Sind Bank | 10 years | To be decided | 30 | To be decided | AA (Crisil, India Ratings) |
EXIM Bank | 5 years | 7.14 | 25 | Dec. 11 | AAA (Crisil, Icra) |
IRFC | 10 years | To be decided | 5+25 | Dec. 12 | AAA (Crisil, Icra) |
NABARD | 5 year and 5 months | To be decided | 30+40 | Dec. 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8325 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
MUMBAI, Dec 11 (Reuters) - India's Punjab & Sind Bank PUNA.NS plans to raise 30 billion rupees ($353.64 million) through the sale of infrastructure bonds maturing in 10 years, three bankers said on Wednesday.
The state-run lender is likely to invite bids from bankers and investors next week, the bankers added.
The bank did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on Dec. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Punjab & Sind Bank | 10 years | To be decided | 30 | To be decided | AA (Crisil, India Ratings) |
EXIM Bank | 5 years | 7.14 | 25 | Dec. 11 | AAA (Crisil, Icra) |
IRFC | 10 years | To be decided | 5+25 | Dec. 12 | AAA (Crisil, Icra) |
NABARD | 5 year and 5 months | To be decided | 30+40 | Dec. 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8325 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
India plans minority stake sale in four state-run banks, source says
Adds stock moves in paragraph 5
By Nikunj Ohri
NEW DELHI, Nov 19 (Reuters) - The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters.
The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India CBI.NS, Indian Overseas Bank IOBK.NS, UCO Bank UCBK.NS, and Punjab and Sind Bank PUNA.NS, the source said.
The Indian government owns more than 93% in Central Bank of India, 96.4% in Indian Overseas Bank, 95.4% in UCO Bank and 98.3% in Punjab and Sind Bank as of end-September, according to data on the BSE's website.
The plan under consideration is to sell the stake through an offer for sale in the open market, the source said.
Shares of the banks rose between 3% and 4% following the report.
The Securities and Exchange Board of India (SEBI) requires listed companies to maintain a 25% public shareholding, but has exempted government-owned firms from meeting these norms till August 2026.
The source did not comment on whether the government will be able to meet the regulator's deadline or whether it would seek a further extension.
The official said the timing and the quantum of the sale would be decided based on market conditions. The official did not want to be named as he is not authorised to speak to the media.
India's finance ministry did not immediately respond to a request for comment.
In the past, public sector banks have launched qualified institutional placements (QIP) to raise capital which has in turn lowered the government's stake in state-run banks.
Punjab National Bank raised 50 billion rupees through a QIP in September, while Bank of Maharashtra raised 35 billion rupees in October.
(Reporting by Nikunj Ohri; Editing by Varun H K)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Adds stock moves in paragraph 5
By Nikunj Ohri
NEW DELHI, Nov 19 (Reuters) - The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters.
The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India CBI.NS, Indian Overseas Bank IOBK.NS, UCO Bank UCBK.NS, and Punjab and Sind Bank PUNA.NS, the source said.
The Indian government owns more than 93% in Central Bank of India, 96.4% in Indian Overseas Bank, 95.4% in UCO Bank and 98.3% in Punjab and Sind Bank as of end-September, according to data on the BSE's website.
The plan under consideration is to sell the stake through an offer for sale in the open market, the source said.
Shares of the banks rose between 3% and 4% following the report.
The Securities and Exchange Board of India (SEBI) requires listed companies to maintain a 25% public shareholding, but has exempted government-owned firms from meeting these norms till August 2026.
The source did not comment on whether the government will be able to meet the regulator's deadline or whether it would seek a further extension.
The official said the timing and the quantum of the sale would be decided based on market conditions. The official did not want to be named as he is not authorised to speak to the media.
India's finance ministry did not immediately respond to a request for comment.
In the past, public sector banks have launched qualified institutional placements (QIP) to raise capital which has in turn lowered the government's stake in state-run banks.
Punjab National Bank raised 50 billion rupees through a QIP in September, while Bank of Maharashtra raised 35 billion rupees in October.
(Reporting by Nikunj Ohri; Editing by Varun H K)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Mahanagar Telephone Nigam Says Punjab And Sind Bank Informs That Accounts Of Co Has Turned Into NPA
Oct 17 (Reuters) - Mahanagar Telephone Nigam Ltd MTNL.NS:
PUNJAB AND SIND BANK INFORMED THAT ACCOUNTS OF CO HAS TURNED INTO NPA
Source text for Eikon: ID:nNSE9GGMbF
Further company coverage: MTNL.NS
(([email protected];;))
Oct 17 (Reuters) - Mahanagar Telephone Nigam Ltd MTNL.NS:
PUNJAB AND SIND BANK INFORMED THAT ACCOUNTS OF CO HAS TURNED INTO NPA
Source text for Eikon: ID:nNSE9GGMbF
Further company coverage: MTNL.NS
(([email protected];;))
Punjab & Sind Bank Q1 Net Profit 1.82 Billion Rupees
July 26 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK Q1 NET PROFIT 1.82 BILLION RUPEES
PUNJAB & SIND BANK Q1 GROSS NPA 4.72%
PUNJAB & SIND BANK Q1 INTEREST EARNED 26.52 BILLION RUPEES
PUNJAB & SIND BANK Q1 NET NPA 1.59%
PUNJAB & SIND BANK Q1 PROVISIONS & CONTINGENCIES 1.03 BILLION RUPEES
Source text for Eikon: ID:nBSE6PybJZ
Further company coverage: PUNA.NS
(([email protected];))
July 26 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK Q1 NET PROFIT 1.82 BILLION RUPEES
PUNJAB & SIND BANK Q1 GROSS NPA 4.72%
PUNJAB & SIND BANK Q1 INTEREST EARNED 26.52 BILLION RUPEES
PUNJAB & SIND BANK Q1 NET NPA 1.59%
PUNJAB & SIND BANK Q1 PROVISIONS & CONTINGENCIES 1.03 BILLION RUPEES
Source text for Eikon: ID:nBSE6PybJZ
Further company coverage: PUNA.NS
(([email protected];))
Punjab & Sind Bank To Consider Raising Funds Up To 30 Billion Rupees
July 22 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - TO CONSIDER RAISE FUNDS UP TO 30 BILLION RUPEES
PUNJAB & SIND BANK - TO CONSIDER TO RAISE FUNDS UP TO 50 BILLION RUPEES
PUNJAB & SIND BANK - TO CONSIDER TO RAISE FUNDS BY ISSUE OF LONG TERM INFRASTRUCTURE BONDS
PUNJAB & SIND BANK - TO RAISE FUNDS VIA ISSUE OF BONDS
Source text for Eikon: ID:nBSEc0wryj
Further company coverage: PUNA.NS
(([email protected];))
July 22 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - TO CONSIDER RAISE FUNDS UP TO 30 BILLION RUPEES
PUNJAB & SIND BANK - TO CONSIDER TO RAISE FUNDS UP TO 50 BILLION RUPEES
PUNJAB & SIND BANK - TO CONSIDER TO RAISE FUNDS BY ISSUE OF LONG TERM INFRASTRUCTURE BONDS
PUNJAB & SIND BANK - TO RAISE FUNDS VIA ISSUE OF BONDS
Source text for Eikon: ID:nBSEc0wryj
Further company coverage: PUNA.NS
(([email protected];))
State Bank of India to raise up to $3 bln via debt in FY25
BENGALURU, June 11 (Reuters) - State Bank of India SBI.NS, the country's largest lender, said on Tuesday that its board has approved raising up to $3 billion via debt in the current financial year.
The state-run lender will raise the funds in one or more tranches through a public offer or a private placement of senior unsecured notes, which will be denominated in U.S. dollars or another major foreign currency, it said.
The Mumbai-based lender did not mention what the proceeds will be used for.
Indian banks are shoring up their capital base to meet the rising demand for loans.
Several state run-lenders, including Canara Bank CNBK.NS, Punjab and Sind Bank PUNA.NS and Punjab National Bank PNBK.NS, plan to raise funds via debt this fiscal year.
In January, SBI raised 50 billion rupees (about $600 million) by selling Basel III-compliant additional tier-I perpetual bonds.
The lender is also open to raising equity capital to support growth, Chairman Dinesh Kumar Khara said last month.
SBI's shares were up 0.8% on Tuesday and have gained 30.5% so far this year.
($1 = 83.4950 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Sonia Cheema)
(([email protected]; +91 8805175330 ;))
BENGALURU, June 11 (Reuters) - State Bank of India SBI.NS, the country's largest lender, said on Tuesday that its board has approved raising up to $3 billion via debt in the current financial year.
The state-run lender will raise the funds in one or more tranches through a public offer or a private placement of senior unsecured notes, which will be denominated in U.S. dollars or another major foreign currency, it said.
The Mumbai-based lender did not mention what the proceeds will be used for.
Indian banks are shoring up their capital base to meet the rising demand for loans.
Several state run-lenders, including Canara Bank CNBK.NS, Punjab and Sind Bank PUNA.NS and Punjab National Bank PNBK.NS, plan to raise funds via debt this fiscal year.
In January, SBI raised 50 billion rupees (about $600 million) by selling Basel III-compliant additional tier-I perpetual bonds.
The lender is also open to raising equity capital to support growth, Chairman Dinesh Kumar Khara said last month.
SBI's shares were up 0.8% on Tuesday and have gained 30.5% so far this year.
($1 = 83.4950 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Sonia Cheema)
(([email protected]; +91 8805175330 ;))
Punjab & Sind Bank Names Arnab Goswamy As CFO
April 3 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - ARNAB GOSWAMY HAS BEEN APPOINTED AS CHIEF FINANCIAL OFFICER
Source text for Eikon: ID:nBSEbD0l9j
Further company coverage: PUNA.NS
(([email protected];;))
April 3 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - ARNAB GOSWAMY HAS BEEN APPOINTED AS CHIEF FINANCIAL OFFICER
Source text for Eikon: ID:nBSEbD0l9j
Further company coverage: PUNA.NS
(([email protected];;))
Punjab & Sind Bank Approved Raising Capital Upto 20 Bln Rupees
Feb 28 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - APPROVED RAISING CAPITAL UPTO 20 BILLION RUPEES
PUNJAB & SIND BANK - TO RAISE CAPITAL VIA ISSUE OF SHARES, BASEL III COMPLIANT ADDITIONAL TIER I BONDS / TIER II BONDS
Source text for Eikon: ID:nBSE5BHvVC
Further company coverage: PUNA.NS
(([email protected];))
Feb 28 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - APPROVED RAISING CAPITAL UPTO 20 BILLION RUPEES
PUNJAB & SIND BANK - TO RAISE CAPITAL VIA ISSUE OF SHARES, BASEL III COMPLIANT ADDITIONAL TIER I BONDS / TIER II BONDS
Source text for Eikon: ID:nBSE5BHvVC
Further company coverage: PUNA.NS
(([email protected];))
Punjab & Sind Bank To Consider Raising Capital Up To An Amount And Aggregating To 20 Billion Rupees
Feb 23 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - TO CONSIDER RAISING CAPITAL UP TO AN AMOUNT AND AGGREGATING TO 20 BILLION RUPEES
PUNJAB & SIND BANK - TO CONSIDER RAISING CAPITAL IN ONE OR MORE TRANCHES WITHIN A PERIOD OF 12 MONTHS FROM DATE OF APPROVAL
Source text for Eikon: ID:nBSE6wysyp
Further company coverage: PUNA.NS
(([email protected];;))
Feb 23 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - TO CONSIDER RAISING CAPITAL UP TO AN AMOUNT AND AGGREGATING TO 20 BILLION RUPEES
PUNJAB & SIND BANK - TO CONSIDER RAISING CAPITAL IN ONE OR MORE TRANCHES WITHIN A PERIOD OF 12 MONTHS FROM DATE OF APPROVAL
Source text for Eikon: ID:nBSE6wysyp
Further company coverage: PUNA.NS
(([email protected];;))
Punjab & Sind Bank Posts Q3 Net Profit 1.14 Billion Rupees
Jan 31 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK Q3 GROSS NPA 5.7%
PUNJAB & SIND BANK Q3 NET PROFIT 1.14 BILLION RUPEES
PUNJAB & SIND BANK Q3 INTEREST EARNED 24.91 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: PUNA.NS
(([email protected];))
Jan 31 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK Q3 GROSS NPA 5.7%
PUNJAB & SIND BANK Q3 NET PROFIT 1.14 BILLION RUPEES
PUNJAB & SIND BANK Q3 INTEREST EARNED 24.91 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: PUNA.NS
(([email protected];))
Reserve Bank Of India Imposes Monetary Penalty Of 10 Million Rupees On Punjab And Sind Bank
Jan 12 (Reuters) - Punjab & Sind Bank PUNA.NS:
RESERVE BANK OF INDIA: RBI IMPOSES MONETARY PENALTY OF 10 MILLION RUPEES ON PUNJAB AND SIND BANK
Further company coverage: PUNA.NS
(([email protected];))
Jan 12 (Reuters) - Punjab & Sind Bank PUNA.NS:
RESERVE BANK OF INDIA: RBI IMPOSES MONETARY PENALTY OF 10 MILLION RUPEES ON PUNJAB AND SIND BANK
Further company coverage: PUNA.NS
(([email protected];))
Punjab & Sind Bank Revises One Year MCLR To 8.95%
Nov 15 (Reuters) - Punjab & Sind Bank PUNA.NS:
REVISES ONE YEAR MCLR TO 8.95% FROM 8.90%, EFFECTIVE NOV 16
Source text for Eikon: ID:nNSE45rKxd
Further company coverage: PUNA.NS
(([email protected];;))
Nov 15 (Reuters) - Punjab & Sind Bank PUNA.NS:
REVISES ONE YEAR MCLR TO 8.95% FROM 8.90%, EFFECTIVE NOV 16
Source text for Eikon: ID:nNSE45rKxd
Further company coverage: PUNA.NS
(([email protected];;))
Punjab & Sind Bank Sept Quarter NIM At 2.32%
Nov 3 (Reuters) - Punjab & Sind Bank PUNA.NS:
SEPT QUARTER NIM AT 2.32%
Source text for Eikon: ID:nBSE8rWXLy
Further company coverage: PUNA.NS
(([email protected];))
Nov 3 (Reuters) - Punjab & Sind Bank PUNA.NS:
SEPT QUARTER NIM AT 2.32%
Source text for Eikon: ID:nBSE8rWXLy
Further company coverage: PUNA.NS
(([email protected];))
Punjab & Sind Bank Raises 1 Year MCLR To 8.9% From 8.7% Effective Aug 16
Aug 14 (Reuters) - Punjab & Sind Bank PUNA.NS:
1 YEAR MCLR RAISED TO 8.9% FROM 8.7% EFFECTIVE AUG 16
Source text for Eikon: ID:nBSE67bpLx
Further company coverage: PUNA.NS
(([email protected];))
Aug 14 (Reuters) - Punjab & Sind Bank PUNA.NS:
1 YEAR MCLR RAISED TO 8.9% FROM 8.7% EFFECTIVE AUG 16
Source text for Eikon: ID:nBSE67bpLx
Further company coverage: PUNA.NS
(([email protected];))
India New Issue-Punjab & Sind Bank to issue 8-month CD - bankers
NOTE TO SUBSCRIBERS: Reuters is considering discontinuing the following 'India New Issue' report. If you have feedback or questions, please contact India Financial News Editor Ira Dugal [email protected] prior to July 31
MUMBAI, July 18 (Reuters) - India's Punjab & Sind PUNA.NS Bank plans to raise funds through the sale of certificates of deposit maturing in eight months at a yield of 7.34%, three merchant bankers said. The terms of the deal were set on Monday.
Here is a list of deals reported so far July 18:
Issuer Name | Instrument type | Tenure (in months) | Yield (in %) | Amount (in bln rupees) |
Punjab & Sind Bank | CD | 8 | 7.34 | 10 |
($1 = 82.0700 Indian rupees)
(Reporting by Dharamraj Dhutia)
NOTE TO SUBSCRIBERS: Reuters is considering discontinuing the following 'India New Issue' report. If you have feedback or questions, please contact India Financial News Editor Ira Dugal [email protected] prior to July 31
MUMBAI, July 18 (Reuters) - India's Punjab & Sind PUNA.NS Bank plans to raise funds through the sale of certificates of deposit maturing in eight months at a yield of 7.34%, three merchant bankers said. The terms of the deal were set on Monday.
Here is a list of deals reported so far July 18:
Issuer Name | Instrument type | Tenure (in months) | Yield (in %) | Amount (in bln rupees) |
Punjab & Sind Bank | CD | 8 | 7.34 | 10 |
($1 = 82.0700 Indian rupees)
(Reporting by Dharamraj Dhutia)
Punjab & Sind Bank Says Provisional Gross Advances Up 10.88% Y/Y In June Quarter
July 7 (Reuters) - Punjab & Sind Bank PUNA.NS:
PROVISIONAL GROSS ADVANCES UP 10.88% Y/Y IN JUNE QUARTER
PROVISIONAL TOTAL DEPOSITS AS OF JUNE 30 UP 12.50% Y/Y
Source text for Eikon: ID:nBSE1CdjJ0
Further company coverage: PUNA.NS
(([email protected];))
July 7 (Reuters) - Punjab & Sind Bank PUNA.NS:
PROVISIONAL GROSS ADVANCES UP 10.88% Y/Y IN JUNE QUARTER
PROVISIONAL TOTAL DEPOSITS AS OF JUNE 30 UP 12.50% Y/Y
Source text for Eikon: ID:nBSE1CdjJ0
Further company coverage: PUNA.NS
(([email protected];))
India New Issue-Punjab & Sind Bank to issue 3-month CD - bankers
MUMBAI, June 19 (Reuters) - India's Punjab & Sind Bank PUNA.NS plans to raise funds through the sale of certificates of deposit maturing in three months at a yield of 7.10%, three merchant bankers said.
Below is the list of deals reported so far on May 26:
Issuer Name | Instrument type | Tenure (in months) | Yield (in %) | Amount (in bln rupees) |
Punjab & Sind Bank | CD | 3 | 7.10 | 5 |
($1 = 81.9100 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
MUMBAI, June 19 (Reuters) - India's Punjab & Sind Bank PUNA.NS plans to raise funds through the sale of certificates of deposit maturing in three months at a yield of 7.10%, three merchant bankers said.
Below is the list of deals reported so far on May 26:
Issuer Name | Instrument type | Tenure (in months) | Yield (in %) | Amount (in bln rupees) |
Punjab & Sind Bank | CD | 3 | 7.10 | 5 |
($1 = 81.9100 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
Punjab & Sind Bank Approves Raising Of Capital Up To 7.50 Billion Rupees
June 12 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - APPROVED RAISING OF CAPITAL UP TO 7.50 BILLION RUPEES
PUNJAB & SIND BANK - TO RAISE CAPITAL VIA ISSUANCE OF BASEL-III COMPLIANT ADDITIONAL TIER-I BONDS OR TIER-II BONDS
Source text for Eikon: [ID:]
Further company coverage: PUNA.NS
(([email protected];))
June 12 (Reuters) - Punjab & Sind Bank PUNA.NS:
PUNJAB & SIND BANK - APPROVED RAISING OF CAPITAL UP TO 7.50 BILLION RUPEES
PUNJAB & SIND BANK - TO RAISE CAPITAL VIA ISSUANCE OF BASEL-III COMPLIANT ADDITIONAL TIER-I BONDS OR TIER-II BONDS
Source text for Eikon: [ID:]
Further company coverage: PUNA.NS
(([email protected];))
Punjab & Sind Bank To Consider Proposal For Raising Of Capital
June 7 (Reuters) - Punjab & Sind Bank PUNA.NS:
TO CONSIDER PROPOSAL FOR RAISING OF CAPITAL THROUGH ISSUANCE OF BASEL-III COMPLIANT ADDITIONAL TIER-I BONDS OR TIER-II BONDS
TO CONSIDER CAPITAL RAISE IN ONE OR MORE TRANCHES
Further company coverage: PUNA.NS
(([email protected];))
June 7 (Reuters) - Punjab & Sind Bank PUNA.NS:
TO CONSIDER PROPOSAL FOR RAISING OF CAPITAL THROUGH ISSUANCE OF BASEL-III COMPLIANT ADDITIONAL TIER-I BONDS OR TIER-II BONDS
TO CONSIDER CAPITAL RAISE IN ONE OR MORE TRANCHES
Further company coverage: PUNA.NS
(([email protected];))
India New Issue-Punjab & Sind Bank to issue 3-month CD - traders
India's Punjab & Sind Bank PUNA.NS plans to raise funds through the sale of certificates of deposit maturing in three months at a yield of 7.18%, three merchant bankers said on Friday.
Below is the list of deals reported so far on May 26:
Issuer | Instrument type | Tenure (in months) | Yield | Amount (in bln rupees) |
Punjab & Sind Bank | CD | 3 | 7.18 | 5 |
($1 = 82.7200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
(([email protected];))
India's Punjab & Sind Bank PUNA.NS plans to raise funds through the sale of certificates of deposit maturing in three months at a yield of 7.18%, three merchant bankers said on Friday.
Below is the list of deals reported so far on May 26:
Issuer | Instrument type | Tenure (in months) | Yield | Amount (in bln rupees) |
Punjab & Sind Bank | CD | 3 | 7.18 | 5 |
($1 = 82.7200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
(([email protected];))
India's Punjab & Sind Bank March-Quarter Net Profit Rises
May 2 (Reuters) - Punjab & Sind Bank PUNA.NS:
MARCH-QUARTER NET PROFIT 4.57 BILLION RUPEES VERSUS PROFIT 3.46 BILLION RUPEES
MARCH-QUARTER INTEREST EARNED 21.05 BILLION RUPEES VERSUS 17.93 BILLION RUPEES
MARCH-QUARTER PROVISIONS & CONTINGENCIES WRITE-BACK 571.2 MILLION RUPEES VERSUS PROVISION WRITE-BACK 1.32 BILLION RUPEES
MARCH-QUARTER GROSS NPA 6.97% VERSUS 8.36% PREV QUARTER
MARCH-QUARTER NET NPA 1.84% VERSUS 2.02% PREV QUARTER
Source text for Eikon: ID:nBSEPjh6J
Further company coverage: PUNA.NS
(([email protected];))
May 2 (Reuters) - Punjab & Sind Bank PUNA.NS:
MARCH-QUARTER NET PROFIT 4.57 BILLION RUPEES VERSUS PROFIT 3.46 BILLION RUPEES
MARCH-QUARTER INTEREST EARNED 21.05 BILLION RUPEES VERSUS 17.93 BILLION RUPEES
MARCH-QUARTER PROVISIONS & CONTINGENCIES WRITE-BACK 571.2 MILLION RUPEES VERSUS PROVISION WRITE-BACK 1.32 BILLION RUPEES
MARCH-QUARTER GROSS NPA 6.97% VERSUS 8.36% PREV QUARTER
MARCH-QUARTER NET NPA 1.84% VERSUS 2.02% PREV QUARTER
Source text for Eikon: ID:nBSEPjh6J
Further company coverage: PUNA.NS
(([email protected];))
India New Issue-Punjab & Sind Bank to issue 3-month CD - traders
MUMBAI, April 26 (Reuters) - India's Punjab & Sind Bank PUNA.NS plans to raise funds through the sale of certificates of deposit maturing in three months, three merchant bankers said on Wednesday.
The state-run lender will offer a yield of 7.22% on the issue and has received commitments worth around 2.75 billion rupees ($33.6 million), the bankers said.
The notes are rated A1+ by Crisil and the terms of the deal were set on Tuesday.
($1 = 81.9570 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
MUMBAI, April 26 (Reuters) - India's Punjab & Sind Bank PUNA.NS plans to raise funds through the sale of certificates of deposit maturing in three months, three merchant bankers said on Wednesday.
The state-run lender will offer a yield of 7.22% on the issue and has received commitments worth around 2.75 billion rupees ($33.6 million), the bankers said.
The notes are rated A1+ by Crisil and the terms of the deal were set on Tuesday.
($1 = 81.9570 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
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What does Punjab & Sind Bank do?
Punjab & Sind Bank is a banking institution that primarily focuses on retail banking, corporate banking, and priority sector banking. They offer various deposit and loan products to individual, business, and government customers.
Who are the competitors of Punjab & Sind Bank?
Punjab & Sind Bank major competitors are CentralBank of India, Bank of Maharashtra, UCO Bank, Bank Of India, Indian Overseas Bank, Indian Bank, Canara Bank. Market Cap of Punjab & Sind Bank is ₹19,939 Crs. While the median market cap of its peers are ₹53,335 Crs.
Is Punjab & Sind Bank financially stable compared to its competitors?
Punjab & Sind Bank seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Punjab & Sind Bank pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Punjab & Sind Bank latest dividend payout ratio is 22.77% and 3yr average dividend payout ratio is 22.59%
How has Punjab & Sind Bank allocated its funds?
Company has been allocating majority of new resources to productive uses like loans. However relatively unproductive allocation like cash and Gov Securities has also increased.
How strong is Punjab & Sind Bank balance sheet?
Latest balance sheet of Punjab & Sind Bank is weak, and historically as well.
Is the profitablity of Punjab & Sind Bank improving?
The profit is oscillating. The profit of Punjab & Sind Bank is ₹842 Crs for TTM, ₹595 Crs for Mar 2024 and ₹1,313 Crs for Mar 2023.
Is Punjab & Sind Bank stock expensive?
Yes, Punjab & Sind Bank is expensive. Latest PE of Punjab & Sind Bank is 23.67, while 3 year average PE is 20.68. Also latest Price to Book of Punjab & Sind Bank is 1.69 while 3yr average is 1.48.
Has the share price of Punjab & Sind Bank grown faster than its competition?
Punjab & Sind Bank has given lower returns compared to its competitors. Punjab & Sind Bank has grown at ~-5.67% over the last 10yrs while peers have grown at a median rate of -1.79%
Is the promoter bullish about Punjab & Sind Bank?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Punjab & Sind Bank is 93.85% and last quarter promoter holding is 98.25%
Are mutual funds buying/selling Punjab & Sind Bank?
The mutual fund holding of Punjab & Sind Bank is stable. The current mutual fund holding in Punjab & Sind Bank is 0.03% while previous quarter holding is 0.03%.