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Punjab & Sind Bank eyes ₹3L crore business this year
03 May 2026

Punjab & Sind Bank, a state-owned lender, has set an ambitious target to achieve a total business of ₹3 lakh crore by the end of the current financial year.

The bank's MD and CEO, Swarup Kumar Saha, said they have already achieved a total business of ₹2.63 lakh crore in FY26, marking a 15% growth.

He hopes to exceed the ₹3 lakh crore mark this fiscal year with expected loan growth and deposit expansion.

Bank's credit and deposit growth expectations
Growth plan

Punjab & Sind Bank is expecting a credit growth of 16-18% and a deposit expansion of 13-14% in the current fiscal year.

Saha said, "With this kind of credit and deposit growth, the bank can surpass ₹3 lakh crore business mix."

To support this expansion, the bank plans to raise funds through both equity and debt issuances.

Punjab & Sind Bank to raise ₹3,000 crore via QIP
Share sale

Punjab & Sind Bank plans to raise up to ₹3,000 crore through a private placement share sale.

The move is aimed at meeting the minimum public shareholding (MPS) norms of the market regulator SEBI.

Currently, the Government of India holds a whopping 93.85% stake in Punjab & Sind Bank.

Timing, amount of stake dilution depends on market conditions
Fund approval

Saha said the bank's board has approved raising up to ₹3,000 crore from Qualified Institutional Placement (QIP) or other means in FY27.

He added they are in talks with merchant bankers and will soon start roadshows to engage investors for the proposed stake dilution.

However, he clarified that the timing and exact amount would depend on market conditions, which aren't very favorable at present.

Infrastructure bonds to fund credit growth
Bond issuance

Apart from share sale, Punjab & Sind Bank's board has also approved ₹3,000 crore infrastructure bonds and ₹2,000 crore from Tier I and Tier II bonds to fund credit growth.

The bank had made its maiden issuance of infrastructure bonds in December 2024.

Saha said they have fully deployed the funds raised from their first infra bonds, as domestic investors have shown great interest in such bond issuances by banks.