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26th June 2016, 03:05 PM
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Join Date: Aug 2012
Re: Punjab & Sind bank Credit Rating

Punjab & Sind bank was founded on the principle of social commitment to help the weaker section of the society in their economic endeavours to raise their standard of life. D

As you asking for Punjab & Sind bank Credit Rating, so for it I want to say it has informed the Exchange that M/s ICRA Limited has reviewed and upgraded the rating assigned to outstanding Lower Tier-II Bonds from ''LAA'' (pronounced L double A) to ''LAA+'' (pronounced L double A plus), the high-credit-quality rating assigned by ICRA, the rated instrument carries low credit risk. The outlook on the rating is stable.

Bank profile
Type Public

Industry Banking

Financial services

Founded 24 June 1908; 107 years ago

Headquarters Rajendra Place New Delhi, India

Key people S.Jatinderbir Singh (CEO&MD.), M.K.Jain (E.D.) , A.K. Jain (E.D.)

Products Finance, FOREX, Retail Banking

Total assets Rs. 97,753.40 crore (31.03.2015)

Rs. 94,509.15 crore (31.03.2014)

Owner Government of India

Number of employees 10,245 (March 2015)


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