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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Credit Rating

We hereby inform that ICRA has downgraded the rating of the Additional Tier I Bonds and Tier II Bonds of our Bank and reaffirmed the rating of the short term instruments of our Bank as detailed below: Instrument Previous Rated Amount (Rs. crore) Current Rated Amount (Rs. crore) Rating Action Basel II Compliant Lower Tier II Bonds 200.00 0.00 [ICRA]AA- (Negative); Downgraded from [ICRA]AA (Negative) and Withdrawn Basel II Compliant Lower Tier II Bonds 300.00 300.00 [ICRA]AA- (Negative); Downgraded from [ICRA]AA (Negative) Basel III Compliant Tier I Bonds 1,000.00 1,000.00 [ICRA]A- (hyb) (Negative); Downgraded from [ICRA]A+ (hyb) (Negative) Certificates of Deposit Programme 10.000.00 10.000.00 [ICRA]A1+; Reaffirmed Total 11,500.00 11,300.00 We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
21-04-2020
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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 Golden Jubilee Hotels Private Limited Involving A Total Amount Of Rs.86.40 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 a NPA Account, viz. M/s Golden Jubilee Hotels Private Limited with book outstanding of Rs.86.40 crore and 100% provisioning has been declared as fraud and reported to RBI as per regulatory requirement. This is in compliance with the regulation 30 of SEBI (LODR) Regulations, 2015.
18-04-2020
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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 16.04.2020 S.No. Tenor MCLR (%) w.e.f. 16.04.2020 1. Overnight MCLR 7.70 2. One month MCLR 8.00 3. Three month MCLR 8.05 4. Six month MCLR 8.15 5. One Year MCLR 8.20 Further the ALCO has also resolved to keep the existing rate of Base Rate unchanged at 9.70% and BPLR at 14.00%. We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
15-04-2020
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PUNJAB & SIND BANK - 533295 - Outcome Of The Meeting Of Board Of Directors Held On 15.04.2020

This is in continuation to our letters dated 08.04.2020 regarding intimation of meeting of Board of Directors to consider and approve raising of capital by way of QIP up to an amount of Rs.750 crore and by way of Preferential Issue up to an amount of Rs.750 crore. We wish to inform that the Board of Directors in its meeting dated 15th April 2020, resolved and approved the following: a. Raising of Equity Capital through QIP upto an amount of Rs.750 crore in one or more tranches within a period of 12 months - Not Put up b. Raising of Equity Capital by way of Preferential Issue upto an amount of Rs.750 crore in one or more tranches - Not Put up Meeting start time: 11:00 a.m. Meeting end time: 07:45 p.m. You are requested to take the above on record.
15-04-2020
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PUNJAB & SIND BANK - 533295 - Board Meeting Intimation for To Consider And Approve A. Raising Of Equity Capital Through QIP. B. Raising Of Equity Capital By Way Of Preferential Issue

PUNJAB & SIND BANKhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/04/2020 ,inter alia, to consider and approve Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we wish to inform that a meeting of Board of Directors of Punjab & Sind Bank is scheduled to be held on April 15, 2020 at New Delhi, inter alia, to consider and approve a. Raising of Equity Capital through QIP upto an amount of Rs.750 crore in one or more tranches within a period of 12 months b. Raising of Equity Capital by way of Preferential Issue upto an amount of Rs.750 crore in one or more tranches. Request you to take note of the above.
08-04-2020
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PUNJAB & SIND BANK - 533295 - Information Disclosure Under Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011

Information disclosure under regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
07-04-2020
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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 Saptarishi Hotels Private Limited Involving A Total Amount Of Rs.76.58 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 a NPA Account, viz. M/s Saptarishi Hotels Private Limited with amount outstanding as on date of NPA i.e. 30.04.2016 of Rs.76.58 crore has been declared as fraud and reported to RBI as per regulatory requirement. Bank is in the process of filing of Complaint / FIR with Central Bureau of Investigation. This is in compliance with the regulation 30 of SEBI (LODR) Regulations, 2015.
04-04-2020
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PUNJAB & SIND BANK - 533295 - Submission Of Form B By Shri Ajit Kumar Das, Executive Director In Terms Of SEBI (Prohibition Of Insider Trading) Regulations 2015, Regulation: 7(1)(B) Read With 6(2).

On 20-03-2020, we have informed stock exchanges about appointment of Shri Ajit Kumar Das, as Executive Director of Punjab & Sind Bank. We are forwarding duly filled-in Form-B of Shri Ajit Kumar Das, 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.
02-04-2020
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Change in Directorate

On 20-03-2020, we have informed stock exchanges about appointment of Shri Ajit Kumar Das, as Executive Director of Punjab & Sind Bank by Government of India, Ministry of Finance, Department of Financial Services, vide notification no. F.No.4/7/2018-BO.I dated 18.03.2020, 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, vice Shri Govind N Dongre, with effect from 01.04.2020 till the date of his superannuation, i.e. 31.03.2021 or until further orders, whichever is earlier. Shri Ajit Kumar Das has taken over the charge on 01-04-2020. We are forwarding a brief profile of Shri Ajit Kumar Das, Executive Director. We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
02-04-2020
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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 01.04.2020 till 48 hours after the date of the Board meeting held to take on record the financial results.
31-03-2020
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