Business
Punjab & Sind Bank Reports 15% Growth, Targets Higher Expansion
State-run lender eyes strong loan growth; projects up to 18% credit expansion
Punjab & Sind Bank has set an ambitious target to achieve total business of ₹3 lakh crore by the end of the current financial year, driven primarily by strong loan growth.
Managing Director and CEO Swarup Kumar Saha said the bank recorded total business of ₹2.63 lakh crore in FY26, marking a 15% growth, and is confident of crossing the ₹3 lakh crore milestone in FY27.
The lender is projecting credit growth in the range of 16–18% and deposit growth of 13–14% during the ongoing fiscal year.
The strategy reflects the bank’s focus on expanding its lending portfolio while strengthening its deposit base, amid improving demand in the banking sector.