📷 Image: Wikimedia Commons / Satdeep Gill
Business
Punjab & Sind Bank Sets Ambitious Targets: $100M Foreign Funding, ₹4 Trillion Business by FY29
✍️ livemint.com
🗓 21 Jul 2026, 09:03 PM
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Punjab & Sind Bank’s chief executive announced the bank’s plan to secure $100 million in foreign funding and grow its business to ₹4 trillion by the fiscal year 2029.
Punjab & Sind Bank (PSB) announced a new growth strategy during a recent corporate briefing, with its chief executive outlining ambitious financial targets for the coming decade. The bank aims to raise $100 million in foreign funding and expand its overall business volume to ₹4 trillion by the fiscal year 2029.
The foreign funding goal is part of PSB’s broader effort to diversify its capital base and tap international markets. By attracting foreign investment, the bank hopes to strengthen its balance sheet and support future lending initiatives.
To reach the ₹4 trillion business milestone, PSB plans to focus on deepening its retail and small‑enterprise portfolios, expanding digital banking services, and enhancing risk management practices. The bank’s leadership believes that these measures will drive sustainable growth and improve profitability.
If achieved, the targets could position Punjab & Sind Bank as a more competitive player among India’s public sector banks, potentially benefiting customers through better product offerings and more robust financial services.
The foreign funding goal is part of PSB’s broader effort to diversify its capital base and tap international markets. By attracting foreign investment, the bank hopes to strengthen its balance sheet and support future lending initiatives.
To reach the ₹4 trillion business milestone, PSB plans to focus on deepening its retail and small‑enterprise portfolios, expanding digital banking services, and enhancing risk management practices. The bank’s leadership believes that these measures will drive sustainable growth and improve profitability.
If achieved, the targets could position Punjab & Sind Bank as a more competitive player among India’s public sector banks, potentially benefiting customers through better product offerings and more robust financial services.