PUNJAB & SIND BANK - 533295 - Closure of Trading Window
In terms of Punjab & Sind Bank Code of Conduct to Regulate, Monitor and Reporting Trading by Insiders, framed as per SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window shall remain closed, for all designated/connected persons, from 01.04.2022 till 48 hours after the date of the Board meeting held to approve the financial results for the Quarter / Year ended 31.03.2022 i.e. Quarter 4 FY 2021-22. PUNJAB & SIND BANK - 533295 - Board Meeting Intimation for Board Meeting To Consider The Exercise Of Call Option On The Additional Tier I - Bond Series I Of Rs.1000 Crore Issued By The Bank
PUNJAB & SIND BANKhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/03/2022 ,inter alia, to consider and approve Pursuant to Regulation 50(1) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, notice is hereby given that a meeting of Board of Directors of Punjab & Sind Bank is scheduled to be held on 29.03.2022 at New Delhi, inter alia, to consider and approve the exercise of the Call Option on the Additional Tier I - Bond Series I issued by the Bank. PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Change in Directorate
This is to inform that Government of India, Ministry of Finance, Department of Financial Services, vide notification no. F.No.6/6/20121-BO.I dated 21.03.2022, in exercise of the powers conferred by clause (h) of sub-section (3) and sub-section (3A) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) of clause (3) of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, has nominated Ms Rshmi Khetrapal as Part-Time Non Official Director on the Board of Directors of Punjab & Sind Bank for a period of three years from the date of notification or until further orders, whichever is earlier. We will be submitting the brief profile and Form B of Ms Rshmi Khetrapal in due course. We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Punjab & Sind Bank to buy 2% stake in bad bank NARCL for Rs 55 cr
Punjab & Sind Bank on Friday said it has entered into an agreement to buy 2 per cent stake in asset reconstruction company NARCL for Rs 55 crore. "Punjab & Sind Bank has entered into an agreement with National Asset Reconstruction Company on March 10, 2022 regarding investment in NARCL," the lender said in a regulatory filing. The bank said the equity investment would be done in tranches, with the first investment of Rs 28.18 crore expected to be completed by March 31, 2022. The financial investment is being done to ensure prompt resolution, including recovery of NPA (non-performing assets) accounts, the bank said. NARCL was incorporated on July 7, 2021 with a total authorised share capital of Rs 2,750 crore to act as a bad bank for speedy resolution of bad assets of the banks. In January, SBI Chairman Dinesh Khara said that 38 NPA accounts worth Rs 82,845 crore were identified to be transferred to NARCL. Transfer of these accounts will happen in a phased manner with banks... PUNJAB & SIND BANK - 533295 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
We wish to inform you that Punjab & Sind Bank has entered in an agreement with National Asset Reconstruction Company Limited ('NARCL') on March 10, 2022 regarding investment in NARCL. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to provide the following disclosures: You are requested to take a note of the same. PUNJAB & SIND BANK - 533295 - Publication Of Notice For Extraordinary General Meeting To Be Held On 31.03.2022
This is in continuation to our letter dated 09.03.2022 wherein the Notice of the Extraordinary General Meeting had been forwarded to the stock exchanges. In this regard, Bank has also published the notice in the newspapers. Accordingly, a copy of notice of Extraordinary General Meeting published in Financial express (English newspaper) and Jansatta (Hindi newspaper) on 10.03.2022 is forwarded for your reference. You are requested to take a note of the same. PUNJAB & SIND BANK - 533295 - Extraordinary General Meeting On 31St March 2022
Further to our letter dated 02.03.2022, we are forwarding a copy of Notice of an Extraordinary General Meeting of the Shareholders of Punjab & Sind Bank to be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM) on Thursday, the 31st day of March, 2022 at 11.00 a.m. You are requested to take a note of the same. PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Newspaper Publication
This is in continuation to our letter dated 02.03.2022 informing stock exchanges about Extraordinary General meeting of the Bank scheduled to be held on Thursday, the 31st of March 2022 at 11.00 AM through VC / OAVM, a newspaper publication was given in this regard. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed the copies of the Notice of EGM and Cutoff Date published in Financial Express (English) and Jansatta (Hindi) on 03.03.2022. You are requested to take a note of the same. PUNJAB & SIND BANK - 533295 - Extraordinary General Meeting On March 31, 2022
We wish to inform that an Extraordinary General Meeting of the shareholders of the Bank is scheduled to be held on Thursday, the 31st of March, 2022 at 11:00 AM through VC / OAVM for passing special resolution for: i) Preferential issue of equity shares to GOI upto Rs.4600 crore In this regard we wish to inform that in term of SEBI (ICDR) Regulations 2018, Relevant Date for the preferential issue of equity shares is 28.02.2022 (as 01.03.2022 was a stock exchange holiday) and Notice for the Extraordinary General Meeting is being sent by email to all the shareholders holding equity shares of the Bank on 07.03.2022. The cut-off date for remote e-voting and e-voting during the EGM is 24.03.2022. You are requested to take a note of the same. PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Credit Rating
We hereby inform that ICRA Ratings has reaffirmed the rating of the Bonds and Certificate of Deposit of our Bank on 28.02.2022 as detailed below: Instrument Previous Rated Amount (Rs. crore) Current Rated Amount (Rs. crore) Rating Action Basel II Lower Tier II Bonds 300.00 - [ICRA]AA- (Negative); reaffirmed and withdrawn Basel III Additional Tier I Bonds 1,000.00 1,000.00 [ICRA]A- (Negative); reaffirmed Certificates of Deposit 10,000.00 10,000.00 [ICRA]A1+; reaffirmed Total 11,300.00 11,000.00 This information has been submitted within 24 hours of the rating action. Please refer the Rating Rationale available on the website of ICRA Ratings for further details. We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.