adplus-dvertising
Trends

Punjab & Sind Bank gets Board nod to raise Rs 4,600 cr by issuing shares to govt

State-owned Punjab & Sind Bank (PSB) on Thursday said its board has given approval to raise equity capital worth Rs 4,600 crore by issuing preference shares to the government.

punjab & sind bank gets board nod to raise equity capital of rs 4,600 cr by issuing shares to govern- the new indian express

The decision was taken at the board meeting held on February 17, 2022, the bank said in a regulatory filing.

The board of directors has approved to offer, issue, create and allot equity shares up to Rs 4,600 crore to the government by way of preferential issue of equity shares, the bank said.

ind-ra revises banking sector outlook to 'improving' for fy23; pegs credit growth at 10 pc - thespuzz

The Delhi-headquartered lender had posted a record net profit of Rs 301 crore in the quarter ended December 2021. There was a net loss of Rs 2,376 crore in the same quarter a year ago.

Shares of Punjab & Sind Bank were trading at Rs 16.70 apiece on BSE, up by 1.83 per cent from the previous close.

punjab & sind bank gets board nod to raise rs 4,600 crore by issuing shares to govt - the financial express

See also  This is what Facebook’s rumored Aloha AI assistant looks like

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker