Punjab & Sind Bank Chases ₹3 Lakh Crore Business Milestone in FY27, Plans Capital Raise

State-owned Punjab and Sind Bank has laid out an ambitious growth roadmap for FY27, targeting a total business figure exceeding ₹3 lakh crore — a significant leap from the ₹2.63 lakh crore the bank recorded at the close of FY26. Managing Director and CEO Swarup Kumar Saha announced the target alongside a broader strategy covering loan book expansion, deposit mobilisation, and capital raising to support the bank's growth journey. The bank's confidence in crossing the ₹3 lakh crore mark in a single fiscal year rests on the momentum established through FY26, where steady retail credit expansion and improved collections created a healthier asset quality profile. The capital raise initiative, details of which are expected to be finalised in the coming months, is designed to bolster the bank's capital adequacy buffers — giving it room to grow its lending book aggressively without straining regulatory ratios. For a bank that has navigated multiple stress cycles over the past decade, the FY27 ambition signals a new phase of operational confidence. Punjab and Sind Bank's relatively niche but stable position in certain customer segments — particularly in northern India — gives it a defined market to deepen penetration within as it pursues the business expansion target.