ICRA Reaffirms Punjab & Sind Bank's Certificate of Deposit Rating

ICRA has reaffirmed Punjab & Sind Bank's Certificate of Deposit rating at A1+, reflecting the bank's strong capitalization and liquidity profile. The bank's robust LCR of 123.58% and stable credit rating underscore its financial resilience. Despite a lower CASA deposit base compared to other PSBs, Punjab & Sind Bank continues to improve its deposit granularity and maintain a strong presence in North India. This rating reaffirmation highlights the bank's stable financial position and ability to manage its funding needs effectively.

 

Sources: ICRA, Punjab & Sind Bank, NSE India