Punjab & Sind Bank plans to open 100 branches, as many ATMs this fiscal

State-owned Punjab & Sind Bank plans to open 100 branches across the country in the current financial year 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," Punjab & Sind Bank Managing Director Swarup Kumar Saha told PTI.

The bank will continue to focus on branch expansion, and new branches would come up in areas other than the northern region, he said.

Besides, he said, the bank also proposes to expand its reach through the Banking Correspondent (BC) channel.

The bank plans to more than double its BC network during the current fiscal, he said, adding, that the bank is trying to expand this network to 4,000 by the end of the current financial year against 1,700 at present.

The bank is working on customising more products and processes to improve ...