ICRA reaffirms rating on Bonds of and Certificate of Deposit of Punjab -; Sind Bank

2 Mar 2022 , 01:48 PM

ICRA Ratings has reaffirmed the rating of the Bonds and Certificate of Deposit of Punjab & Sind Bank on February 28, 2022. The rating on Basel II Lower Tier II Bonds (earlier Rs300 crore) has been reaffirmed at ICRA AA- (Negative) and withdrawn.

For Basel III Additional Tier I Bonds Rs1,000 crore, ICRA A- (Negative) has been reaffirmed. On the Certificates of Deposit Rs10,000 crore, ICRA Al+ has been reaffirmed.

At around 1.52 pm, Punjab & Sind Bank was trading at Rs15.30 per piece down by Rs0.05 or 0.33% from its previous closing of Rs15.35 per piece on the BSE.

The scrip opened at Rs15.70 and has touched a high and low of Rs15.70 and Rs15.10 respectively.