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Punjab & Sind Bank looks to raise Rs 250 via QIP in Q3

Indian-GRAPEVINE-punjab--sind-bank-looks-to-raise-rs-250-via-qip-in-q3

Published 04 Sep, 2023

By Staff Reporter

State-owned Punjab & Sind Bank plans to raise Rs 250 crore through share sale to institutional investors in the third quarter of the current fiscal.

"The bank has got approvals for capital raising of Rs 250 crore via Qualified Institutional Placement (QIP) in the next quarter," Punjab & Sind Bank managing director Swarup Kumar Saha told.



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