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New Delhi, Oct. 18 Punjab & Sind Bank plans to soon raise a sum of Rs 1,000 crore through Certificate of Deposit, which is a debt instrument.

A statement issued by the bank said that ICRA has assigned A1+ rating to PSB’s Certificate of Deposit, which is the highest rating assigned by the rating agency to a short-term debt instrument.

Investment in this category (A1+) carry lowest credit risk in the short term.

More Stories on : Corporate Bonds | Public Sector Banks

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