Punjab & Sind Bank inaugurated its new Field General Manager (FGM) Office in Mumbai on 09 December 2025, marking a major step in strengthening its regional presence and operational capabilities 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 leadership, staff members, and invited dignitaries.

Strategic Importance of the New FGM Office

Speaking at the ceremony, Mr. Saha emphasized the strategic relevance of the Mumbai region in Punjab & Sind Bank’s long-term expansion plans. He noted that the new FGM Office will enhance supervisory oversight, speed up decision-making processes, and provide stronger support to branch operations across multiple states under its jurisdiction.

Press Briefing and Business Performance Update

Following the formal inauguration, Mr. Saha addressed the media in a press briefing where he outlined the Bank’s current performance and future roadmap. He highlighted key financial achievements and reaffirmed the Bank’s commitment to sustainable and customer-centric growth.

Key Business Highlights Shared by the MD & CEO

• Total Business: Punjab & Sind Bank has achieved a total business level of ₹2.40 lakh crore, indicating steady growth momentum.
• CD Ratio: The Credit Deposit Ratio stands at 76.14%, reflecting strong credit expansion.
• Asset Quality: Gross NPA has improved to 2.92%, and the Bank is working towards further reduction in the coming quarters.

FGMO Mumbai: Current Performance and Expansion Plans

The newly inaugurated FGMO Mumbai oversees business operations amounting to nearly ₹60,000 crore, including activities under the Large Corporate Banking (LCB) portfolio. The region manages five Zones spread across 12 states, supported by a network of approximately 236 branches.

Looking ahead, the Bank plans an aggressive expansion within the Mumbai FGM jurisdiction. Around 180–200 new branches are proposed to be added over the next one to two years. Additionally, three new Zones—Bhubaneswar, Bangalore, and Raipur—will be established shortly to strengthen the Bank’s regional reach and improve operational efficiency.

Focus on Women Entrepreneurs and Inclusive Growth

During the media interaction, Mr. Saha addressed queries regarding banking products for women entrepreneurs. He shared that Punjab & Sind Bank offers tailored financial solutions such as Self Help Group (SHG) financing, and reaffirmed the Bank’s strategic focus on the Retail, Agriculture, and MSME (RAM) sectors. Women-led enterprises, he noted, form a key segment within the Bank’s growth strategy.

Commitment to Customer-Centric and Responsible Banking

Mr. Saha reiterated Punjab & Sind Bank’s commitment to delivering customer-focused services, strengthening operational excellence, and fostering responsible banking practices. He expressed confidence that the new FGM Office in Mumbai will catalyze improved service delivery, stronger regional performance, and enhanced customer engagement in the years ahead.