{"id":24295,"date":"2022-02-17T13:32:11","date_gmt":"2022-02-17T08:02:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-punjab-sind-bank\/"},"modified":"2022-02-17T13:33:38","modified_gmt":"2022-02-17T08:03:38","slug":"biz-punjab-sind-bank","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-punjab-sind-bank\/","title":{"rendered":"Punjab &#038; Sind Bank gets Board nod to raise Rs 4,600 cr by issuing shares to govt"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3951581794\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 17 (PTI) State-owned Punjab &#038; Sind Bank (PSB) on Thursday said its board has given approval to raise equity capital worth Rs 4,600 crore by issuing preference shares to the government.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1264326573\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The decision was taken at the board meeting held on February 17, 2022, the bank said in a regulatory filing.<\/p>\n<p> The board of directors has approved to offer, issue, create and allot equity shares up to Rs 4,600 crore to the government by way of preferential issue of equity shares, the bank said.<\/p>\n<p> The Delhi-headquartered lender had posted a record net profit of Rs 301 crore in the quarter ended December 2021. There was a net loss of Rs 2,376 crore in the same quarter a year ago.<\/p><div class=\"trade-content_5\" id=\"trade-2610810343\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Shares of Punjab &#038; Sind Bank were trading at Rs 16.70 apiece on BSE, up by 1.83 per cent from the previous close. PTI KPM  DRR DRR<\/p>\n<div class=\"trade-after-content\" id=\"trade-848402719\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 17 (PTI) State-owned Punjab &#038; Sind Bank (PSB) on Thursday said its board has given approval to raise equity capital worth Rs 4,600 crore by issuing preference shares to the government. The decision was taken at the board meeting held on February 17, 2022, the bank said in a regulatory filing. The [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-24295","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Punjab &amp; Sind Bank gets Board nod to raise Rs 4,600 cr by issuing shares to govt - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-punjab-sind-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab &amp; Sind Bank gets Board nod to raise Rs 4,600 cr by issuing shares to govt\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 17 (PTI) State-owned Punjab &#038; Sind Bank (PSB) on Thursday said its board has given approval to raise equity capital worth Rs 4,600 crore by issuing preference shares to the government. 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