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Punjab & Sind Bank - 533295 - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015

We advise that the Reserve Bank of India in exercise of powers conferred under Section 47(A)(1)(c) read with Section 46(4)(i) and Section 51 of the Banking Regulation Act, 1949, has imposed a penalty of Rs.1 Crore (Rupees one crore only) on Punjab & Sind Bank for delay in reporting fraud in M/s Kingfisher Airlines Limited. We request you to take note of the above pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
03-08-2019
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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 Fairdeal Supplies Limited Involving A Total Amount Of Rs. 40.49 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 Fairdeal Supplies Limited with outstanding dues of Rs.40.49 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. We request you to take note of the above.
02-08-2019
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Punjab & Sind Bank - 533295 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Clause: 47(1) (a): Publication of notice for Board Meeting to be held on 07.08.2019 to consider and take on record, Unaudited Reviewed Financial Results for the Quarter (Q1) ended June 30, 2019. Notice for Board Meeting scheduled to be held on 07.08.2019 to consider and take on record, unaudited reviewed financial results for the Quarter (Q1) ended June 30, 2019 was sent to stock exchanges vide our letter dated 29.07.2019. The notice has been published in Financial Express (English newpaper) and Jansatta (Hindi newpaper) on 29.07.2019. We are enclosing certified copy of the newspaper cuttings.
29-07-2019
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PUNJAB & SIND BANK - 533295 - Closure of Trading Window

Pursuant to Regulation 29(1) (a) 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 7th August, 2019 at New Delhi, inter alia, to consider and take on record, Unaudited Reviewed Financial Results for the Quarter (Q1) ended June 30, 2019. Further, this is to inform that 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, which was closed from the end of the quarter ended 30.06.2019 i.e. from 01.07.2019, shall remain closed, for all designated/connected persons till 09.08.2019 Request you to take on record the above.
29-07-2019
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PUNJAB & SIND BANK - 533295 - Board Meeting Intimation for Reg: Regulation 29(1)(A) SEBI (Listing Obligations And Disclosures Requirements) Regulations; Board Meeting To Consider And Take On Record, Unaudited Reviewed Financial Results For The Quarter (Q1) Ended June 30, 2019; Trading Window Disclosure-Prohibition Of Insider Trading.

PUNJAB & SIND BANKhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2019 ,inter alia, to consider and approve Pursuant to Regulation 29(1) (a) 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 7th August, 2019 at New Delhi, inter alia, to consider and take on record, Unaudited Reviewed Financial Results for the Quarter (Q1) ended June 30, 2019. Further, this is to inform that 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, which was closed from the end of the quarter ended 30.06.2019 i.e. from 01.07.2019, shall remain closed, for all designated/connected persons till 09.08.2019 Request you to take on record the above.
29-07-2019
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Punjab and Sind Bank eyes eastern States for expansion

State-owned Punjab and Sind Bank is looking to scale up its presence in the eastern States of Bihar, West Bengal, and Jharkhand. Plans are afoot to op
24-07-2019
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Punjab & Sind Bank drops 6% on Rs 238-cr fraud

The scrip sank 6.20% to Rs 24.20 on the BSE. On the NSE, shares cracked 6.39% to Rs 24.15.
18-07-2019
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PUNJAB & SIND BANK - 533295 - Reg.: Disclosure Under Regulation 30 Of Securities Exchange Board Of India (LODR) Regulations, 2015: Reporting Of Borrowal Fraud Of Bank''s Exposure In Bhushan Power And Steel Ltd. (BPSL) Involving A Total Amount Of Rs. 1774.82 Crore

Pursuant to the applicable provisions of SEBI (LODR) Regulations and the materiality policy of the Bank we inform as under: On the basis of Forensic Audit Investigation findings and CBI filing FIR, on suo moto basis, against the Company and its Directors, alleging diversion of funds from banking system, a fraud of Rs.238.30 crore is being reported by Bank to RBI. In the accounts of the company (BPSL), Bank has already made provisions amounting to Rs.189.35 crore, as per prescribed prudential norms. It has been observed that the company has misappropriated bank funds, manipulated books of accounts to raise funds from consortium lender banks. At present, the case is at NCLT which is in advance stage and the Bank expects good recovery in the account. This is in compliance with the regulation 30 of SEBI (LODR) Regulations, 2015.
17-07-2019
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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. 16.07.2019 - 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 16.07.2019 S.No. Tenor MCLR (%) w.e.f. 16.07.2019 1. Overnight MCLR 8.35 2. One month MCLR 8.45 3. Three month MCLR 8.55 4. Six month MCLR 8.65 5. One Year MCLR 8.70 6. Three Year MCLR 9.25 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.
16-07-2019
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Punjab & Sind Bank - 533295 - Annual Report 2018-19

We are forwarding Full Annual Report 2018-19 of our Bank. Request you to take on record the above.
12-07-2019
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