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 01.10.2020 till 48 hours after the date of the Board meeting held to take on record the financial results for the Quarter ended 30.09.2020 i.e. Quarter 2 FY 2020-21. PUNJAB & SIND BANK - 533295 - Reg: Change In Directorate - Clarification
This has reference to our letter dated 04.09.2020 wherein we had informed the appointment of Shri S. Krishnan as Managing Director & Chief Executive Officer of Punjab & Sind Bank. In this context, we wish to submit that there has been a typographical error with respect to the date of his superannuation which has been mentioned as 31.05.2020 instead of 31.05.2022. We request you to take note of the above. S Krishnan takes charge as MD & CEO of state-owned Punjab & Sind Bank
State-owned Punjab & Sind Bank on Friday said the government has appointed S Krishnan as the managing director and chief executive officer of the lender. "S Krishnan has taken over the charge on September 4, 2020," the bank said in a BSE filing. The Department of Financial Services, Ministry of Finance, through a notification dated September 3, 2020, appointed S Krishnan as MD and CEO of Punjab & Sind Bank, it said. Previously, Krishan served as the executive director of Syndicate Bank from November 2017 to March 2020 and executive director of Canara bank from April 2020 to September 3, 2020. He had joined Indian Bank in 1983. Krishnan has specialisation in credit, specifically corporate credit and risk management, the filing added. A post graduate in commerce, he is a qualified cost accountant and a certified associate of Indian Institute of Bankers (CAIIB). PUNJAB & SIND BANK - 533295 - Reg: Submission Of Form B By Shri. S. Krishnan, Managing Director And Chief Executive Officer In Terms Of SEBI (Prohibition Of Insider Trading) Regulations 2015, Regulation: 7(1)(B) Read With 6(2).
We have informed stock exchanges about appointment of Shri. S. Krishnan, as Managing Director and Chief Executive Officer of Punjab & Sind Bank vide our letter dated 04.09.2020. We are forwarding duly filled-in Form-B of Shri. S. Krishnan, in terms of Regulation: 7(1) (b) read with Regulation: 6(2) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. PUNJAB & SIND BANK - 533295 - Reg: Change In Directorate
Further to our letter dated 04.09.2020, wherein we had intimated that Government of India, Ministry of Finance, Department of Financial Services has appointed Shri S. Krishnan as Managing Director & Chief Executive Officer of Punjab & Sind Bank, it is now informed that Shri S. Krishnan has taken over the charge on 04.09.2020. Please find enclosed his brief profile. 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 - 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.4/2/2018-BO.I dated 03.09.2020, in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, has appointed Shri S. Krishnan as Managing Director & Chief Executive Officer of Punjab & Sind Bank from the date of assumption of office till the date of his superannuation, i.e. 31.05.2020 or until further orders, whichever is earlier, vice Shri S Harisankar, who has retired on voluntary basis with effect from 03.09.2020. We will be submitting the brief profile and Form B of Shri S. Krishnan once he takes charge. 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 - 533295 - Announcement under Regulation 30 (LODR)-Credit Rating
We hereby inform that CRISIL has downgraded the rating outlook of the Tier II Bonds of our Bank today as detailed below: Rs 500 crore Tier II bonds (under Basel III) CRISIL AA/Negative (Outlook revised from 'Stable' and rating reaffirmed) Rs 500 crore Tier II bonds (under Basel III) CRISIL AA/ Negative (Outlook revised from 'Stable' and rating reaffirmed) Further, CRISIL has also withdrawn its rating on Lower Tier II bonds aggregating to Rs 200 crore on account of redemption. Please refer the rating rationale (copy attached) provided by CRISIL for details of the reasons for downward revision of outlook of the rating. The same is also available on the website of CRISIL. 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 - 533295 - Disclosure Under Regulation 30 Of Securities Exchange Board Of India (LODR) Regulations, 2015: Reporting Of Borrowal Fraud Of Bank''s Exposure In M/S Religare Finvest Ltd Involving A Total Amount Of Rs.110.10 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 Religare Finvest Ltd with outstanding dues of Rs.110.10 crore has been declared as fraud and reported to RBI as per regulatory requirement. Further, Bank has already made provision of Rs.44.37 crore as per the prescribed prudential norms. We request you to take note of the above. PUNJAB & SIND BANK - 533295 - Disclosure Under Regulation 30 Of Securities Exchange Board Of India (LODR) Regulations, 2015: Reporting Of Borrowal Fraud Of Bank''s Exposure In M/S Dewan Housing Finance Corporation Limited (DHFL) Involving A Total Amount Of Rs.815.44 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 Dewan Housing Finance Corporation Limited (DHFL) with outstanding dues of Rs.815.44 crore has been declared as fraud and reported to RBI as per regulatory requirement. Further, Bank has already made provision of Rs.203.86 crore as per the prescribed prudential norms. We request you to take note of the above. PUNJAB & SIND BANK - 533295 - Annual General Meeting - Withdrawal Of Agenda Item
Further to our letter dated 10.08.2020 regarding 'Annual General Meeting - Election of Shareholder Director' wherein we had informed regarding the withdrawal of Agenda Item with respect to the Election of shareholder director, please find attached lettere in this regard