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Punjab & Sind Bank to Raise $1 Billion in Foreign Currency to Fuel Growth

Rupee, Currency

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CNBC TV18•29-09-2026, 21:29

Punjab & Sind Bank to Raise $1 Billion in Foreign Currency to Fuel Growth

•Punjab & Sind Bank's board has approved a Medium-Term Note (MTN) programme to raise up to $1 billion in foreign currency.
•The fundraising initiative includes the issuance of bonds under the MTN programme.
•This move supports the bank's expanding balance sheet, driven by advances growing faster than deposits.
•The bank's total business increased by 15.33% year-on-year to ’2.67 lakh crore in the June quarter.
•Gross advances surged by 19.5% to ’1.19 lakh crore, while total deposits grew by 12.16% to ’1.47 lakh crore.

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Key Questions Answered

Punjab & Sind Bank's board approved raising foreign currency funds through a Medium-Term Note programme of up to $1 billion.

Total business rose 15.33% year-on-year to ₹2.67 lakh crore in the June quarter, while total deposits increased 12.16% to ₹1.47 lakh crore.

Gross advances rose 19.5% to ₹1.19 lakh crore in the June quarter compared to ₹99,950 crore in the year-ago period.

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