Punjab Sind Bank to raise upto Rs 3K cr via Infra bonds, appoint bankers

Quick Summary:

In the first instance, the bank intends to raise up to Rs 3,000 crore, depending on market conditions.

CRISIL has assigned an 'AAStable' rating to the proposed infrastructure bonds.

Banks, especially state-owned ones, have been actively raising funds through infrastructure bonds in the current financial year.

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Article Details

Category: BusinessFinance

Markets: India

Topics: State Bank of India Reserve Bank of India Infrastructure Canara Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-22 @ 14:41:33 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22636643

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Coverage Areas: India

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