Punjab & Sind Bank jumps on partnering with Maruti Suzuki Smart Finance
Punjab & Sind Bank is currently trading at Rs. 28.71, up by 0.50 points or 1.77% from its previous closing of Rs. 28.21 on the BSE.
The scrip opened at Rs. 28.01 and has touched a high and low of Rs. 29.11 and Rs. 28.01 respectively. So far 115356 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.31 on 02-Sep-2024 and a 52 week low of Rs. 25.29 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 29.11 and Rs. 27.50 respectively. The current market cap of the company is Rs. 20314.66 crore.
The promoters holding in the company stood at 93.85%, while Institutions and Non-Institutions held 4.31% and 1.85% respectively.
Punjab & Sind Bank has partnered with Maruti Suzuki Smart Finance (MSSF) to provide enhanced financing solutions for Maruti Suzuki vehicles. MSSF is an end-to-end digital auto financing platform where the customer can view, compare and apply for a loan of their choice. This collaboration is aimed at delivering a seamless, end-to-end digital financing experience to customers seeking to purchase Maruti Suzuki vehicles.
Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.
