Punjab & Sind Bank hopes to surpass Rs 1,000 crore recovery target in FY27

Punjab & Sind Bank anticipates exceeding its recovery target for the current fiscal year. The bank is actively reducing non-performing assets through various recovery mechanisms. An international banking unit will become operational at GIFT City by November. This new unit aims to expand foreign currency mobilization and business. The bank recently reported a significant rise in net profit for the June quarter.

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