Punjab & Sind Bank is planning to open 100 branches across the country in the current financial year (FY25) as part of the strategy to expand its reach. During the year, the bank also plans to add 100 new ATMs to its network. With the addition of 100 branches, the total number of branches would reach 1,665 by the end of 2024-25, and similarly, the number of ATMs would touch 1,135.
The bank will continue to focus on branch expansion, and new branches would come up in areas other than the northern region. The bank also proposes to expand its reach through the Banking Correspondent (BC) channel. The bank is working on customising more products and processes to improve customer experience.
Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.
