Punjab & Sind Bank — Others, 15-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Punjab & Sind Bank has provided an update indicating that there has been no deviation in the utilization of funds raised through the private placement of long-term bonds totaling ₹3,000 crore. The report for the quarter ended December 31, 2024, confirms that funds were utilized as originally intended. This transparency reassures investors about the responsible management of resources, aligning with the bank's strategic objectives in infrastructure and affordable housing projects. Maintaining confidence in financial operations while facing market uncertainties can bolster investor sentiment. Overall, this development signals a positive outlook for operational integrity and compliance.