Punjab & Sind Bank Inaugurates New Field General Manager Office in Mumbai

Mumbai, 09 December 2025

Punjab & Sind Bank today inaugurated its new Field General Manager (FGM) Office in Mumbai, marking a significant milestone in the Bank’s ongoing efforts to strengthen its regional presence and enhance operational efficiency across western and southern India. The new office was formally 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.

Speaking at the ceremony, Mr. Saha highlighted the strategic importance of the Mumbai region in the Bank’s growth plans and emphasized that the new FGM Office will play a pivotal role in improving supervisory oversight, accelerating decision making, and supporting branch operations across multiple states.

Following the inauguration, a press briefing was held, during which Mr. Saha interacted with media representatives and shared key updates on the Bank’s business performance and future roadmap.

Key Business Highlights Shared by the MD & CEO

• Total Business: Punjab & Sind Bank has achieved a total business level of ₹2.40 lakh crore.

• CD Ratio: The Bank’s Credit Deposit Ratio stands at 76.14%, reflecting healthy credit growth.

• Asset Quality: The Gross NPA level is at 2.92%, with a clear roadmap to bring it down further in the coming quarters.

FGMO Mumbai Performance & Expansion Plans

• The FGMO Mumbai region handles business of around ₹60,000 crore, including Large Corporate Banking (LCB) operations.

• The region currently oversees five Zones across 12 states, with a network of approximately 236 branches.

• The Bank plans to add another 180–200 branches over the next 1–2 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.

Focus on Women Entrepreneurs:

During the press interaction, Mr. Saha was asked about products tailored for women entrepreneurs. He highlighted that the Bank offers a range of products including Self Help Group (SHG) financing, and reiterated that the Bank’s strategic focus will continue to be on the Retail, Agriculture, and MSME (RAM) sectors, where women led enterprises form a key growth segment.

Mr. Saha reaffirmed Punjab & Sind Bank’s commitment to customer centric growth, operational excellence, and responsible banking. He expressed confidence that the new FGM Office in Mumbai will serve as a catalyst for improved service delivery, stronger regional performance, and deeper customer engagement.