FilingReader Intelligence

Punjab & Sind Bank tier II bonds rating reaffirmed

March 3, 2025 at 07:05 PM UTCBy FilingReader AI

Infomerics Ratings has reaffirmed the IVR AA/Stable rating for Punjab & Sind Bank's Basel III compliant Tier II bonds, Series XV, worth ₹237.30 crore. The rating reflects the bank's sovereign ownership, adequate capitalization, and diversified loan book. Total advances have grown ~15% to Rs 95,870 crore as on December 31, 2024. While asset quality has improved, the rating is constrained by moderate resource profile, relatively moderate size and geographically concentrated operations. Infomerics expects continued government support and improvements in asset quality to sustain the stable outlook. Total Deposits were Rs 1,19,409.55 crore as on March 31, 2024. The bank's liquidity position is supported by a liquidity coverage ratio of 133.99% as of December 2024.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

News Alerts

Get instant email alerts when PUNJAB & SIND BANK publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →