Punjab & Sind Bank Plans To Raise Rs 2,000 Crore Via QIP Likely In H2 FY25

Asked about the loan growth outlook for the current financial year, Saha said the bank expects asset book to grow by 12-14 per cent, and in this, retail, agriculture and MSME (RAM) should witness a growth of 15-18 per cent.On the deposit side, he said the bank anticipates liabilities to grow between 8 and 10 per cent during the ongoing financial year.Saha said the bank has taken several customer-centric initiatives to improve satisfaction levels.As part of this initiative, the bank is in the process of transforming 50 identified branches into model or smart branches.Saha said the lender has also introduced a PSB Pink debit card powered by RuPay for women with a host of benefits.The bank also started demat services through wealth-tech partner Fisdom, which allows its customers to make investments in the equity market and purchase mutual funds.The bank also launched a series of customer-centric digital offerings through its omnichannel PSB UNiC App designed to ensure secure and hassle-free banking services.Some of the offerings include opening savings accounts through video KYC, Bulk NEFT/RTGS, access to free CIC credit score and UNiC App registration through Aadhaar OTP.These new product initiatives, he said, are a testament to the bank’s dedication to making a positive societal impact and creating a more sustainable future for all.

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