Punjab And Sind Bank

Saha, Managing Director and CEO of Punjab & Sind Bank, was previously Executive Director at Punjab National Bank

MFs expected to do the heavy lifting in upcoming QIPs of public sector banks

With Rs 28,000 crore of secondary market share sale lined up by five public sector banks, sources say domestic mutual fund houses may be the key participants in the capital raise plans

RBI imposes Rs 2.49 crore penalty on 3 banks

A penalty of Rs 1.20 crore has been slapped on Dhanlaxmi Bank for non-compliance with certain directions on 'Loans and Advances' Statutory and Other Restrictions', KYC and certain norms related to interest rate on deposits, the Reserve Bank of India (RBI) said.

Punjab and Sind Bank Q2: Profit falls 32% to Rs 190 crore, asset quality improves

The bank's gross non-performing assets (GNPAs) declined to 6.23 percent from 9.67 percent in the September quarter of the previous fiscal

Punjab and Sind Bank gains on fund-raising plan

The bank’s board meets on June 12 to consider a proposal to raise capital through additional Tier-I or Tier-II bonds of up to Rs 750 crore

Punjab & Sind Bank aims at Rs 500 crore recovery from NPAs in Q4: MD

The state-owned bank's total recovery and upgradation stood at Rs 1,178 crore in the three quarters of the current financial year.

RBI hikes repo rate, lowers growth forecast: 10 rate sensitive stocks stand as good bets

The market reacted negatively to the policy, may be due to increasing possibility for further rate hikes in next policy meeting and lowering the growth forecast

Punjab & Sind Bank net profit rises 27% to Rs 278 crore in July-September

Punjab & Sind Bank reported a profit of Rs 218 crore in the year-ago period.

RBI imposes monetary penalty on Punjab and Sind Bank

The penalty has been imposed for non-compliance with certain provisions of directions issued by the RBI on ‘Cyber Security Framework in Banks’ dated June 2, 2016.

Punjab and Sind Bank's Rs 5,500 crore zero-coupon bonds come under RBI scrutiny: Report

The RBI may ask Punjab and Sind Bank to hold the instrument in the HTM portfolio at a discount, rather than face value.

Government issues zero-coupon bonds worth Rs 5,500 to recapitalise Punjab and Sind Bank

Punjab & Sind Bank will park the investment in its held-to-maturity (HTM) category.

Punjab & Sind Bank seeks to mop up Rs 500cr via QIP

The bank's board will meet on December 6 to consider and approve the fundraising, according to a BSE filing on Tuesday.

Punjab & Sind Bank hikes MCLR by 0.05% on six-month tenor

The bank said these rates are effective from March 16, 2019.

One in three public sector banks without CEO

A leadership vacuum at PSBs could affect decision making in the run up to the festive season, a period of credit growth for lenders

Govt plans to pare stake in 8 PSBs to meet minimum public shareholding norms

The government has time till August 2018 to bring down its stake below 75 percent in these banks to comply in order to comply with minimum public holding requirement.

Punjab & Sind Bank to raise Rs 1,500 cr via bonds in FY18

"The bank proposes to raise funds through issue of Basel III compliant additional tier I up to Rs 1,000 crore and Basel III compliant tier II bonds up to Rs 500 crore during 2017-18 in one or more tranches," it said in an exchange filing.

Tater bullish on Punjab and Sind, Aurobindo Pharma

In an interview to CNBC-TV18, Aashish Tater, Head of Research at Fortunewizard.com recommends Punjab and Sind Bank and Aurobindo Pharma as multibagger stocks.

Punjab and Sind Bank Q3 net down 33% at Rs 91 cr

Punjab and Sind Bank has reported a net profit of Rs 91 crore in the third quarter of FY12, falling 33% as compared to Rs 135 crore in the corresponding quarter of last fiscal.

Check out: 3 pvt sector banks Tulsian is bullish on

In an exclusive interview with CNBC-TV18, SP Tulsian of sptulsian.com says he prefers private sector bank and does not see much downside in those stocks from hereon.

Prefer private space banks: Tulsian

Prefer private space banks, says SP Tulsian of sptulsian.com.

RBI allows 7 more banks to import gold, silver

The Reserve Bank of India (RBI) has allowed seven more banks to import gold and silver, data on its website showed.