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PUNJAB & SIND BANK - 533295 - Board Meeting Intimation for Prior Intimation Of Board Meeting In Terms Of Regulation 29 (1) (D) Of SEBI (LODR) Regulations, 2015

PUNJAB & SIND BANKhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/12/2022 ,inter alia, to consider and approve We wish to inform that a meeting of the Board of Directors of the Bank is scheduled to be held on Friday, 30th December, 2022 for considering the following agenda item: 1) To raise capital up to an amount and aggregating to Rs.250 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 of combination(s) thereof b) Bonds in the form of Basel III compliant Additional Tier I Bonds / Basel III compliant Tier II Bonds.
27-12-2022
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PUNJAB & SIND BANK - 533295 - Compliance-57 (4) : Prior intimation to the beginning of the quarter

Pursuant to Regulation 57(4) of SEBI (LODR) Regulations, 2015, it is informed that no interest / dividend / principal obligations on non-convertible bonds is payable during the Quarter January 2023 - March 2023. We request you to take note of the above pursuant to Regulation 57(4) of SEBI (LODR) Regulations, 2015 and upload the information on your website.
27-12-2022

Punjab & Sind Bank aims at CASA ratio of 35% by March: MD Swarup Saha

Punjab & Sind Bank managing director Swarup Kumar Saha has said that the lender is targeting a Current Account Savings Account (CASA) ratio of 35 per cent by the end of the ongoing fiscal and the bank has undertaken various efforts to achieve the goal. CASA ratio, the low cost deposit base, of the state-owned bank stood at 33.36 per cent (Rs 35,102 crore) at the end of September, 2022. Higher CASA ratio pushes profitability of banks as banks can earn higher spreads. "We are looking at CASA ratio of 35 per cent...second half is good for our bank, which is north based, as a lot of savings from agriculture income is routed to these accounts post harvest," he told PTI in an interview. Besides, he said, the bank is focussing on mobilising salary accounts and salary deposit to augment low cost deposit base. As part of this endeavour, he said, the bank has recently tied up with Chandigarh Municipal Corporation to open salary accounts of their 10,000 employees. Similarly, he said, the...
04-12-2022
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PUNJAB & SIND BANK - 533295 - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015

Pursuant to the applicable provisions of SEBI (LODR) Regulations, 2015 and the Bank's Policy to Determine Materiality of Events to be Reported to the Stock Exchanges, we inform that a fraud of Rs.53.79 crore (approx) has been perpetrated in a Branch of the Bank. Bank has filed an FIR with CBI and all necessary steps are being taken for recovery of funds as well as safeguarding Bank and Customers interest. The amount is not expected to have a significant impact on the Financials of the Bank and the Bank shall make required provisions in line with the Regulatory Guidelines.
03-12-2022
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

With reference to above and pursuant to the applicable provisions of SEBI (LODR) Regulations, 2015, we enclose the transcript of Meeting with Analysts / Investors held on 15.11.2022 The transcript of the Meeting with Analysts / Investors is uploaded on Bank''s website and the same can be accessed through below link: https://punjabandsindbank.co.in/system/uploads/document/7803_2022112218270453713.pdf This is for your information and records.
22-11-2022
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

This is to inform that All India Bank Employees' Association (AIBEA) has given a notice to IBA calling for All India Bank Strike on 19th November 2022. If the strike materialises, a certain section of the Bank's employees may participate in strike on the said date, in which case, it is likely that the normal functioning of the branches / offices of the Bank may get affected. The Bank is taking all necessary steps in terms of the existing guidelines to deal with the strike and for smooth functioning of Bank's branches / offices.
17-11-2022
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, it is informed that upon approval of Reserve Bank of India, the following four existing Audit Firms have been re-appointed as Statutory Central Auditors (SCAs) of the Bank for the FY 2022-23: Sl No Name of the CA Firm Remarks 1 M/s Ghiya & Co, Jaipur Continuing SCA 2 M/s Shiv & Associates, New Delhi Continuing SCA 3 M/s Manohar Chowdhary & Associates, Chennai Continuing SCA 4 M/s Chaturvedi & Co., Kolkata Continuing SCA
16-11-2022
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Please find below the link of audio recording of the Meeting with Analysts / Investors held on 15.11.2022: https://punjabandsindbank.co.in/content/analyst-meet-recordings The above information is being submitted in compliance of Regulation 30 of SEBI (LODR) Regulations, 2015.
15-11-2022
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Interest Rates Updates

We hereby inform that as per the Guidelines of Reserve Bank of India, our Bank has reviewed the Marginal Cost of Fund Based Lending Rate (MCLR) for different tenors and the same will be effective from 16.11.2022 S.No. Tenor MCLR (%) w.e.f. 16.11.2022 1. Overnight MCLR 7.05 2. One month MCLR 7.15 3. Three month MCLR 7.45 4. Six month MCLR 7.70 5. One Year MCLR 8.00 We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
15-11-2022
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

With reference to above and pursuant to the applicable provisions of SEBI (LODR) Regulations, 2015, we enclose the transcript of Virtual Analyst Conference on the Unaudited Reviewed Financial Results for Quarter (Q2) / Half Year ended 30th September, 2022 held on 05th November, 2022 The transcript of the Virtual Analyst Conference is uploaded on Bank''s website and the same can be accessed through below link: https://punjabandsindbank.co.in/system/uploads/document/7803_2022111417410578029.pdf
14-11-2022
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