Punjab & Sind Bank

Punjab & Sind Bank has informed the Exchange that due to unavoidable circumstances the Annual General Meeting of the shareholders of the Bank shall now be held on June 26, 2013 instead of June 20, 2013.

Punjab & Sind Bank has submitted to the Exchange vide letter dated June 04, 2013 a copy of disclosure pursuant to Regulation 13(2), 13(2A) and 13(6) of the SEBI (Prohibition of Insider Trading) Regulations,1992.

Punjab & Sind Bank has informed the Exchange that Mr P.K. Anand, Executive Director, on the Board of the Bank has retired on May 31, 2013, on completion of his tenure, as per Government of India, Ministry of Finance (Department of Financial Services) Notification dated December 07, 2009.

Punjab & Sind Bank has informed the Exchange that the Company has fixed Book Closure from June 8, 2013 to June 20, 2013 for the purpose of Payment of Dividend & Annual general meeting to be held on June 20, 2013.

Punjab & Sind Bank has informed the Exchange, vide letter dated May 01, 2013, regarding a Press Release, titled "Highlights of Performance for the Financial Year ended 31.03.2013".

Punjab & Sind Bank has informed the Exchange vide letter dated March 11, 2013 regarding "Raising of Capital; Preferential Issue of Equity Shares to the Govt. of India".

Punjab & Sind Bank has informed the Exchange regarding the proceedings of Extraordinary General Meeting of shareholders of the Bank held on March 11, 2013 alongwith the details regarding voting results in the EGM pursuant to Clause 35A of the Listing Agreement.

Punjab & Sind Bank has informed the Exchange that Punjab & Sind Bank has revised its `Base Rate` from existing 10.50% p.a. to 10.25% p.a. w.e.f. March 01, 2013.

Punjab & Sind Bank has informed the Exchange that an Extra Ordinary General Meeting of the shareholders of the Bank shall be held on March 11, 2013 to consider seek approval by way of special resolution for preferential Issue of equity Shares to the Government of India.

Punjab & Sind Bank has informed the Exchange vide letter dated January 31, 2013, regarding a Press release, titled "Highlights of Performance for the Quarter/Nine Months Ended 31.12.2012".

Punjab & Sind Bank has informed the Exchange that Government of India, Ministry of Finance, Department of Financial Services, vide notification dated January 30, 2013, in exercise of the powers conferred by sub-section 3 (g) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (b) of clause 9 (2) of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Shri Mahesh Kumar Gupta, as part time, non-official director under Chartered Accountant category for a period of three years from the date of notification of his appointment or until further orders, whichever is earlier.

Punjab & Sind Bank has informed the Exchange that Central Statutory Auditors M/s Alka Sunil & Co. and M/s Bhatia & Bhatia have retired after completion of tenure. M/s R.Kothari & Co. and M/s B.K.Shroff & Co. have been appointed Statutory Central Auditors of the Bank.

Punjab & Sind Bank has informed the Exchange vide letter dated December 31, 2012 that the Board of Directors of the Bank has approved raising of capital through preferential issue of equity shares up to Rs. 1,000 crores at a rate to be decided in terms of SEBI [ICDR] Regulations and/or any other instrument covered under Tier-I capital, to the Government of India and/or to other institutions subject to necessary approvals from Reserve Bank of India and Government of India. The Chairman & Managing Director and in his absence the Executive Director has been authorized to take all decisions/steps relating to planning, convening, conducting extra ordinary general meeting for preferential issue of equity shares and/or any other instrument covered under Tier-I capital and any other matter relating thereto.

Punjab & Sind Bank has informed the Exchange vide letter dated October 26, 2012, regarding a Press release, titled "Highlights of Performance for the Quarter Ended 30.09.2012".

Punjab & Sind Bank has informed the Exchange vide letter dated July 28, 2012, regarding a Press release, titled "Highlights of Performance for the Quarter Ended 30.06.2012".

Punjab & Sind Bank has informed the Exchange that Central Government, in exercise of the powers conferred by Clause (b) of sub-section (3) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Shri Rajat Sachar, Economic Advisor, Department of Financial Services, as Director of the Bank in place of Dr. A. Bhattacharya, until further orders, vide Government of India, Ministry of Finance, Department of Financial Services notification dated July 20, 2012.

Punjab & Sind Bank has informed the Exchange vide letter dated July 14, 2012, regarding a Press Release, titled "Revision of Interest Rates on Domestic & NRE Rupee Term Deposits".

Punjab & Sind Bank has informed the Exchange regarding the proceeding at the Annual General Meeting of Punjab & Sind bank held on June 23, 2012.

Punjab & Sind Bank has informed the Exchange that the Annual General Meeting of the Shareholders of the Bank was held on June 23, 2012. The Shareholders of the Bank (1) discussed and unanimously approved and adopted the Audited Balance Sheet of the Bank as at March 31, 2012, Profit & Loss Account of the Bank for the year ended March 31, 2012, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors` Report on the Balance Sheet and Accounts, (2) approved and declared dividend on the Equity Shares of the Bank @ Rs. 2/- per equity share (20%) for the financial year 2011-12.

Punjab & Sind Bank has informed the Exchange that the Annual General Meeting of the Bank will be held on June 23, 2012. Further the Register of Members in respect of Equity Shares of the Bank shall remain closed from June 16, 2012 to June 23, 2012 (both days inclusive) for the purpose of payment of dividend for the year ended March 31, 2012. The dividend shall be paid on July 06, 2012.

Punjab & Sind Bank has informed the Exchange that the Board of Directors of the Bank at its meeting held on May 05, 2012 has recommended a dividend @ Rs.2/- (Rupees two only) per equity share of Rs.10/- each fully paid up, for the financial year 2011-12, subject to necessary approval and declaration at the Second Annual General Meeting of shareholders of the Bank.

Punjab & Sind Bank has informed the Exchange that the Bank has revised its `Base Rate` from existing 10.75% p.a. to 10.50% p.a. w.e.f. May 01,2012.

Punjab & Sind Bank has informed the Exchange vide its letter dated April 26, 2012, regarding a Press Release, titled "Revision of interest rates on Domestic and NRE Rupee Term Deposit".

Punjab & Sind Bank has informed the Exchange that the Board of Directors of the Bank has allotted to the Life Insurance Corporation of India (LIC), on preferential basis, 1,11,52,000 Equity Shares of the face value of Rs. 10/- each at a issue price of Rs. 85.46 per Equity Share (including premium of Rs. 75.46 per equity share) determined in accordance with Regulation 76 of SEBI (ICDR) Regulations, 2009.

Punjab & Sind Bank has informed the Exchange, vide letter dated March 28, 2012 regarding the Proceedings of Extraordinary General Meeting of the Company along with the details in terms of Clause 35A of Listing Agreement.

Punjab & Sind Bank has informed the Exchange regarding the Outcome of the Extra Ordinary General Meeting of the Shareholders of the Bank held on March 27, 2012.

Punjab & Sind Bank has informed the Exchange that the Bank has revised the interest rate on domestic term deposits to 9% for short term period beginning from 7days to 150 days. The rate of interest for 1 year maturity is increased to 9.75% from 9.60% earlier. The Bank has also revised rate of interest for 270 days to 364 days bucket to 9%. For the period above one year to less than three years the Bank will be offering 9.50%. for 500 days & 1000 days rate of interest will be 9.75% and 9.60% respectively. These revised rates shall be effective from March 26, 2012.

Punjab & Sind Bank had submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the members of the Company scheduled to be held on March 27, 2012. The Bank has now informed the Exchange that "Notice dated 27.02.2012 in respect of lock-in of equity shares to be issued/allotted to LIC, may be read as one year. Accordingly, lock-in period of equity shares to be issued/allotted to LIC shall be for one year and to GOI for three years."

Punjab & Sind Bank has submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the Shareholders of the Bank to be held on March 27, 2012.

Punjab & Sind Bank has informed the Exchange that the Board of Directors of the Bank has recommended preferential issue of equity shares to the Life Insurance Corporation of India [LIC] up to the extent of 5% of the proposed total paid up equity share capital of the Bank. The Bank proposes to issue 1,12,91,000 equity shares at a rate to be decided in terms of SEBI ICDR Regulations, subject to approval from the Government of India and regulatory compliances.

Punjab & Sind Bank has informed the Exchange vide its letter dated January 30, 2012, regarding a Press Release, titled "HIGHLIGHTS OF PERFORMANCE FOR THE NINE MONTH PERIOD ENDED 31.12.2011".

Punjab & Sind Bank has informed the Exchange that Central Statutory Auditors M/s Bansal Sinha & Co. and M/s Balram Chandra & Associates have retired after completion of tenure. M/s O.P. Tulsyan & Co. and M/s R. M. Lall & Co. have been appointed Central Statutory Auditors of the Bank.

Punjab & Sind Bank has informed the Exchange that "PSB has increased the rate of interest on NRE Term Deposits of time buckets of one year and above w.e.f., 02.01.2012. The revised rate of interest for one year to less than two years will be 9.50% p.a. and interest for two years to five years will be 9.25% p.a. These new rates shall apply to only fresh deposit and renewal of existing deposits".

Punjab & Sind Bank has informed the Exchange that the Govt. of India, Ministry of Finance, Department of Financial Services, vide Notification dated November 23, 2011, has in exercise of the powers conferred by Clause (e) of Sub- section (3) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with Sub-clause (1) and (2) of Clause 9 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has appointed Mr. Surinder Pal Singh Virk, as Workmen Employee Director on the Board of Directors of Punjab & Sind Bank.

Punjab & Sind Bank has informed the Exchange that the Govt. of India, Ministry of Finance, Department of Financial Services, vide Notification dated October 31, 2011, has in exercise of the powers conferred by Clause (a) of Sub-section (3) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with Sub-clause (1) of Clause 3, Clause 5, Clause 6, Clause 7 and Sub- clause (1) of Clause 8 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, after consultation with the Reserve Bank of India, has appointed Mr. Devinder Pal Singh, I.A.S. as the Chairman and Managing Director of Punjab & Sind Bank. Mr. Devinder Pal Singh, I.A.S. has joined the Bank on November 04, 2011.

Punjab & Sind Bank has informed the Exchange vide its letter dated October 31, 2011, regarding a Press release, titled "Highlights of performance for the Half year ended 30.09.2011".

Punjab & Sind Bank has informed the Exchange that PSB has increased the interest rate on domestic term deposits by up to 100 basis points for different maturity periods w.e.f. August 24, 2011. The interest for 46 - 90 days term deposits has been increased from 6.50 % to 7.25 % p.a. The Interest for 300 days term deposits will be 9.75 % p.a. and for 500 days term deposits it will also be 9.75 % p.a. The Revised rate of interest for 1 year to 2 year period will be 9.60 % p.a., for 3 year to 5 year it will be 9.50 % p.a. and for the period more than 5 years to 10 years it will be 9.25 % p.a.

Punjab & Sind Bank has informed the Exchange that the Bank has increased the interest rate on domestic term deposits by 60 basis points for 31-45days & 151-179 days maturity period w.e.f. July 30, 2011. The Revised rate of interest for 31-45days period will be 5.10% p.a. and for 151-179 days will be 8.40% p.a.

Punjab & Sind Bank has informed the Exchange that the Central Government, vide notification dated July 15, 2011, has in exercise of the powers conferred by sub-section 3(h) and (3-A) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub- clause (1) of clause 3 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980 nominated Shri Sanjiv Kumar Arora as part-time non-official director on the Board of Directors of the Bank, for a period of three years from the date of notification of his appointment or until further orders, whichever is earlier.

Punjab & Sind Bank has informed the Exchange that the Central Government, vide notification dated July 13, 2011, has in exercise of the powers conferred by sub-section 3(h) and (3-A) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub- clause (1) of clause 3 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980 nominated Shri Suresh Thakur as part-time non-official director on the Board of Directors of the Bank, for a period of three years from the date of notification of his appointment or until further orders, whichever is earlier.

Punjab & Sind Bank has informed the Exchange that the Bank has changed its "Base Rate" from Existing 10.00% to 10.25% and "BPLR" from 14.50% to 14.75% with effect from July 07, 2011.

Punjab & Sind Bank has informed the Exchange that in view of capital planning and expected growth in business, the Bank has requested the Government of India for infusion of additional equity capital of Rs. 990 crores by way of preferential allotment.

Punjab & Sind Bank has informed the Exchange that the Bank has raised Un-secured Redeemable Non- convertible Subordinated Lower Tier-II Bonds for Rs.300 crore with a coupon of 9.73% p.a. payable annually, tenor of 124 months with call option at the end of 6 years. The Issue opened and closed on June 20, 2011.

Punjab & Sind Bank has informed the Exchange that in furtherance to Notice for Annual General Meeting and election of two directors from amongst the shareholders, other than the Central Government, two valid nominations were received and after scrutiny, the following shareholders have been deemed to be elected as director, in terms of Section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with Clause 9(4) of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1980 and Regulation 66 (i) of Punjab & Sind Bank (Shares and Meetings) Regulations, 2008: (1) Name: Mr.Sukhen Pal Babuta; (2) Name: Mr.Rajendran Narayanan. Further, Mr.Sukhen Pal Babuta and Mr.Rajendran Narayanan shall assume office as Director with effect from June 03, 2011 and shall hold office for a period of three years i.e., till June 02, 2014.

Punjab & Sind Bank has informed the Exchange that the Bank has increased the interest rate on Domestic Term Deposits by 50 basis points for 7-14 days and 1-2 year maturity period w.e.f May 30, 2011. The revised rate of interest for 7-14 days period will be 4.00% p.a. and for 1- 2 years will be 9.50% p.a.

Punjab & Sind Bank has informed the Exchange that the Register of Members in respect of Equity Shares of the Bank shall remain closed from the June 02, 2011 to June 16, 2011 (both days inclusive ) for the purpose of payment of dividend for the year ended March 31, 2011. The dividend if approved in Annual General Meeting will be held on June 16, 2011, shall be paid on June 29, 2011.

Punjab & Sind Bank has submitted to the Exchange a copy of disclosure pursuant to Regulation 13(4) and 13(6) of the SEBI (Prohibition of Insider Trading) Regulations,1992.

Punjab & Sind Bank has informed the Exchange that the Bank has changed its "Base Rate" from Existing 9.50% to 10.00% and "BPLR" from 14.25% to 14.50% w.e.f. May 05, 2011.

Punjab & Sind Bank has informed the Exchange that the Board of Directors of the Company at its meeting held on April 30, 2011 has recommended a dividend @ Rs.2/- (Rupees Two only) per equity share of Rs.10/- each fully paid up for the financial year 2010-11 subject to necessary approval and declaration at the ensuing Annual General Meeting of the shareholders.

Punjab & Sind Bank has informed the Exchange that Bank has announced an increase in interest rates of various tenors of Retail Domestic Term Deposits by 0.05% to 1.00% with effect from February 25, 2011. Rate of interest for 46-90 days term deposit of up to Rs. 1 crore has been raised by 1.00% i.e., to 6.50% p.a. Rate of interest for 222 days, 500 days and 1000 days deposit schemes has been raised to 8.75% p.a., 9.55% p.a. and 9.60% p.a., respectively. Further, rate of interest on PSB Fixed Deposit Tax Saver Scheme has also been increased from existing 8.50% p.a. to 9.05% p.a.