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Security Name: 7.74% Punjab and Sind Bank 20 Dec 2034

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ISIN:
INE608A08058
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Taxable

Tax Category

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20 Dec, 2034

Maturity Date
(9 Yr 6 Mo 20 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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20 Dec, 2024

Allotment Date

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NA

Put Date

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20 Dec, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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₹NaN

Dirty Price

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7.74%

Coupon

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Fixed Interest

Coupon Basis

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7.4885%

Current Yield

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05 Dec, 2025

Record Date

YOUR EARNING

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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA / Stable
CRISIL
AA Stable
IND
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Punjab and Sind Bank

Punjab & Sind Bank (PSB), established in 1908, is a mid-sized corporate focused public sector bank based out of New Delhi that operates through a network of 1,531 branches as on June 30, 2021, with branch concentration in North India. It was nationalized in the year 1980.

The ratio in FY24 is 1.31x as compared to 1.42x in FY23. Although debt has increased and EBITDA has decreased, the percentage change in debt might be lower compared to the percentage decrease in EBITDA. The Debt/EBITDA ratio is sensitive to both factors, and the slight increase in debt may not have worsened the ratio significantly.

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Debt/EBITDA

The ratio in FY24 is 1.09x and in FY23 it was 1.26x ,indicating decrease in debt servicing ability of the issuer due to increase in the Interest on deposits and Interest on Reserve Bank of India/Inter-bank borrowings which led to overall increase in finance cost .

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Interest coverage ratio

Recent News
News Thumbnail
Sind Bank appoints Arnab Goswami as CFO

Apr 10, 2024 | Punjab and Sind Bank

News Thumbnail
Punjab & Sind Bank launches outreach program to boost credit growth in retail, agri & MSME sector

Apr 10, 2024 | Punjab and Sind Bank

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How to exit the investment?
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E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS

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Total Investment
Cashflow for INE608A08058
Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR).
Security Name
7.74% Punjab and Sind Bank 20 Dec 2034
Credit Rating
AA / Stable by CRISIL
AA Stable by IND
Coupon Frequency
Yearly
Face Value
₹1,00,000
Coupon
7.740000%
YTM or YTC
YTM
Maturity Date
20/12/2034
Security
Senior Unsecured
No. of Bonds
1
Settlement Date
Jun 03,2025
Principal Amount
₹1,03,358
Accrued Interest
₹0
Stamp Duty
₹0
Total Amount Payable
₹1,03,358
Price
₹103.358
Yield
0%
YearPayment DateAmountAmount after TDSPayout Type

Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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