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8.67%Punjab and Sind Bank 03 Dec 2029

ISIN:
INE608A08041
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Taxable

Tax Category

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03 Dec, 2029

Maturity Date
(5 Yr 5 Mo 9 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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04 Nov, 2019

Allotment Date

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NA

Put Date

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08 May, 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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Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*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- / Positive
CARE
Tier 2

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 & 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 FY23 1.42x is as compared to 0.45x in FY22, indicating increase in debt level due to increase in the borrowings and finance cost of the issuer.

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Debt/EBITDA

The ratio in FY23  is 1.26x  and in FY22 it was 1.23x ,indicating slight increase in debt servicing ability of the issuer due to increase in the profitability.

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Interest coverage ratio

Recent News
News Thumbnail
Sind Bank appoints Arnab Goswami as CFO

Apr 10, 2024 | Punjab & Sind Bank

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

Apr 10, 2024 | Punjab & Sind Bank

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
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To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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