New Horizons for Punjab & Sind Bank: Field General Manager Office Launched in Mumbai
Mumbai, Dec 26: Punjab & Sind Bank inaugurated its new Field General Manager Office in Mumbai, marking a significant milestone in the Bank’s efforts to strengthen its regional presence and enhance operational efficiency across western and southern India. The new office was inaugurated by the Bank’s Managing Director & Chief Executive Officer, Mr. Swarup Kumar Saha, in the presence of senior executives, staff members, and invited guests.
Swarup Kumar Saha, MD & CEO, Punjab & Sind Bank highlighted
“The strategic importance of the Mumbai region in the Bank’s long-term growth plans and emphasized that the new FGM Office will play a crucial role in improving supervisory oversight, accelerating decision-making, and supporting branch operations across multiple states. This region holds immense potential, and the new office will be instrumental in driving our long-term growth agenda. Following the inauguration, he interacted with media representatives and shared updates on the Bank’s business performance and future roadmap”
Punjab & Sind Bank has achieved a total business level of ₹2.40 lakh crore. The Bank’s Credit Deposit Ratio stands at 76.14 percent, reflecting strong credit momentum, while the Gross NPA level has improved to 2.92 percent, with a clear roadmap in place to bring it down further in the coming quarters.
The performance and expansion plans of FGMO Mumbai, which currently handles business of around ₹60,000 crore, including Large Corporate Banking operations. The region oversees five Zones across 12 states with a network of approximately 236 branches. As part of its expansion strategy, the Bank plans to add another 180 to 200 branches over the next one to two years under the Mumbai FGM jurisdiction. Additionally, three new Zones Bhubaneswar, Bangalore, and Raipur will be opened shortly, further strengthening the Bank’s regional footprint.
Responding to queries on products for women entrepreneurs, Mr. Saha noted that Punjab & Sind Bank offers a wide range of solutions including Self Help Group financing. He reiterated that the Bank will continue to focus on the Retail, Agriculture, and MSME sectors, where women-led enterprises form an important growth segment.
Mr. Saha reaffirmed the Bank’s dedication to delivering customer-centric growth, operational excellence, and responsible banking practices. He expressed confidence that the new Mumbai FGM Office will act as a catalyst for improving customer service, strengthening regional performance, and enabling deeper engagement with diverse customer segments.
“This inauguration is not just the opening of a new office-it marks the beginning of a stronger regional presence, faster decisions, and more empowered branches. We look forward to serving our customers with even greater efficiency and commitment,” he added.