PK Anand, executive director at Punjab & Sind Bank tells CNBC-TV18 says that the bank has got the go ahead for fund infusion through 5% stake sale to LIC. Post equity dilution, the capital adequacy ratio (CAR) of the bank will be 12.72% for the full year.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: There is issuance that is lined up and that will mean fund infusion in your company what will it mean in terms of capital adequacy once the fund infusion has been done?A: We had approached LIC for picking up a 5% stake and we have got the approval from LIC, we are now waiting for RBI
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