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PUNJAB & SIND BANK - 533295 - Board Meeting Outcome for Punjab & Sind Bank - Outcome Of Board Meeting Dated 17.02.2022

This has reference to our intimation dated 14.02.2022 wherein it was informed that the Board of Directors would consider the following agenda item in its meeting to be held on 17.02.2022. 1. To offer, issue, create and allot Equity Shares up to Rs.4600 crore (including share premium) to the Government of India by way of preferential issue of equity shares. It is now hereby informed that the Board has approved the aforesaid agenda item. The Board meeting started at 11:25 a.m. and ended at 11:55 a.m. You are requested to take a note of the above, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
17-02-2022
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Interest Rates Updates

Punjab & Sind Bank - Declaration of Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 16.02.2022 - Compliance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 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 16.02.2022 S.No. Tenor MCLR (%) w.e.f. 16.02.2022 1. Overnight MCLR 6.80 2. One month MCLR 6.90 3. Three month MCLR 7.00 4. Six month MCLR 7.20 5. One Year MCLR 7.45 We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
16-02-2022
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PUNJAB & SIND BANK - 533295 - Reporting Of Borrowal Fraud Of Bank''s Exposure In M/S IL & FS Tamil Nadu Power Company Limited Involving An Amount Of Rs.148.86 Crore

Pursuant to the applicable provisions of SEBI (LODR) Regulations and the materiality policy of the Bank we inform as under: In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and having regard to the Bank''s policy on determination and disclosures of material events, it is informed that an NPA Account, viz. M/s IL & FS Tamil Nadu Power Company Limited with outstanding dues of Rs.148.86 crore has been declared as fraud and reported to RBI today as per regulatory requirement. Bank has already made provisions amounting to Rs.59.54 crore, as per prescribed prudential norms.
15-02-2022
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PUNJAB & SIND BANK - 533295 - Board Meeting Intimation for Punjab & Sind Bank - Prior Intimation Of Board Meeting Dated 17.02.2022: Reporting Pursuant To Regulation 29(1) (D) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

PUNJAB & SIND BANKhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/02/2022 ,inter alia, to consider and approve We wish to inform that a meeting of Board of Directors of Punjab & Sind Bank is scheduled to be held on Thursday, 17th February 2022 for considering the following agenda item. 1. To offer, issue, create and allot Equity Shares up to Rs.4600 crore (including share premium) to the Government of India by way of preferential issue of equity shares. You are requested to take a note of the above, pursuant to Regulation 29(1) (d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
14-02-2022
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Reviewed Unaudited Financial Results of the Bank for the Quarter (Q3) / Nine months ended December 31, 2021 were approved by the Board of Directors of the Bank, in its meeting held on 07.02.2022 and this was informed to the Stock Exchanges. The results were published in Business Standard (English & Hindi) on 08.02.2022. We are enclosing a copy of newspapers wherein the Reviewed Unaudited Financial Results of the Bank for the Nine Months / Quarter (Q3) ended December 31, 2021 were published.
08-02-2022

Punjab & Sind Bank reports net profit of Rs 301 crore in December quarter

State-owned Punjab & Sind Bank (PSB) on Monday reported a net profit of Rs 301 crore for the quarter ended December 2021 as the lender saw good growth in overall business mix and better cash recoveries following its turnaround strategy started a year back. The lender had posted a net loss of Rs 2,376 crore in the same quarter a year ago. Sequentially, the net profit was up by 38.1 per cent from Rs 218 crore in the quarter ended September 2021. "The bank was undergoing a turbulent time a year before and then the bank turned around in the quarter ended March 2021 after a consecutive loss for about eight quarters. "Since then, the bank has been continuously making profits. Having said that, if we look into Q3FY22, it is one of the highest bottomline that we have. The net profit is at Rs 301 crore while a year before it was a huge loss," S Krishnan, MD and CEO, Punjab & Sind Bank told a media conference after the earnings announcement. Total income rose to Rs 2,042.03 crore, as...
07-02-2022

Punjab and Sind Bank post Rs 301 cr net profit in Q3 versus year-ago loss

Interest margins improve; provisions & contingencies fall sharply
07-02-2022
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PUNJAB & SIND BANK - 533295 - Disclosure Of Asset Cover Certificate For The Quarter Ended December 31, 2021

We are enclosing Asset Cover Certificate for the Quarter ended December 31, 2021, as submitted by M/s. Shiv & Associates, Chartered Accountants, one of the Statutory Central Auditors of the Bank. The same can also be viewed on the website of the Bank i.e. https://punjabandsindbank.co.in/ You are requested to take a note of the above, pursuant to Regulation 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information may kindly be uploaded on your website.
07-02-2022
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Q3FY22 Quarterly Result Announced for Punjab & Sind Bank

Punjab & Sind Bank declares Q3FY22 result: Punjab and Sind Bank posts record Net Profit of Rs.301 Cr against a Net Loss of Rs.2376 Cr (YoY) Operating Profit zooms by 153.44% to Rs.332 Cr . Net Interest Income grew by 23.05% Cost of Deposits (COD) at 4.24%, improved by 73 bps . Total deposits grew by 10.87% & stood at Rs.100351 Cr . Gross Advances grew by 3.26% . Retail advances grew by 12.15% . Net NPA ratio stood at 3.01 %. Result PDF
07-02-2022
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Punjab & Sind Bank - Press Release dated 07.02.2022 We are forwarding a copy of Press Release dated 07.02.2022 issued by the Bank on Financial Results of the Bank for the Quarter (Q3) / Nine Months ended 31.12.2021. The same can also be viewed on the website of the Bank i.e. https://punjabandsindbank.co.in/
07-02-2022
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