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Monday, December 6, 2010

Punjab & Sind Bank IPO gets IPO Grade 4 from CARE Ratings

Credit Rating Agency CARE has assigned an IPO Grade 4/5 to the proposed IPO of Punjab & Sind Bank IPO. The IPO Grade so assigned indicates Above Average fundamentals of Punjab & Sind Bank. CARE assigns IPO grades on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

Punjab & Sind Bank, the state-owned bank, is planning to come up with an IPO, which is expected to hit the markets soon. Punjab & Sind Bank is the only state-owned bank that is not yet listed

Stay tuned to Indian IPO Blog for latest updates on Punjab & Sind Bank IPO!


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