Punjab 038; Sind Bank to launch IPO in June-July

Punjab amp; Sind Bank said it will come out with initial public offer IPO during June-July this year.

8220;We are expecting government approval for IPO8230; The IPO could hit the market in June-July,8221; Punjab amp; Sind Bank Chairman and Managing Director G S Vedi said.

For the year,ended March 2010,the bank has posted a net profit of Rs 508.8 crore compared to Rs 431 crore,a year ago.