State-owned Punjab & Sind Bank on Monday (October 13) said it plans to raise up to ₹5,000 crore in one or more tranches by March 2027 through a mix of equity and bond issuances. The proposal will be taken up at the bank's board meeting scheduled for October 16, 2025, in New Delhi.
According to the bank’s filing, the capital raise includes up to ₹3,000 crore through the issue of equity shares via Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), or rights issue. An additional ₹2,000 crore will be mobilised through Basel III-compliant Additional Tier I or Tier II bonds, or a combination thereof.
The board will also consider a separate plan to raise ₹3,000 crore through long-term infrastructure bonds, in one or more tranches, by March 2027. At the same meeting, the Bo