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Action Basel II Compliant Lower Tier II Bonds 200.00 0.00 [ICRA]AA- (Negative); Downgraded from [ICRA]AA (Negative) and Withdrawn Basel II Compliant Lower Tier II Bonds 300.00 300.00 [ICRA]AA- (Negative); Downgraded from [ICRA]AA (Negative) Basel III Compliant Tier I Bonds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