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Sikh News (AFX UK Focus) 2008-02-21 11:10 GMT: Punjab and Sind Bank's lower tier II bonds assig

Discussion in 'Breaking News' started by Sikh News Reporter, Feb 21, 2008.

  1. Sikh News Reporter

    Sikh News Reporter United States
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    SPNer Contributor Supporter

    Sep 20, 2004
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    BANGALORE (Thomson Financial) - Indian rating agency, ICRA said it assigned an 'LAA' rating to the 1 bln Indian rupees lower tier II bonds of Punjab & Sind Bank (PSB) reflecting the banks 100 pct sovereign ownership, its adequate capitalization and a large low cost deposit base from its established franchise in North Indian states.

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