New Delhi, July 21 -- State-owned Punjab & Sind Bank has set a target of mobilizing $25 million through foreign currency non-resident (bank) [FCNR(B)] deposits under the Reserve Bank of India's special dispensation, managing director and chief executive Swarup Kumar Saha told Mint in an interview. It is also targeting another $75 million through overseas borrowings-including external commercial borrowings (ECBs) and overseas foreign currency borrowings (OFCBs)-taking its overall mobilization target to around $100 million, he added.

Saha said the bank aims to build a Rs.4-trillion business by FY29 through an aggressive branch expansion strategy and a continued shift towards higher-yielding retail, agriculture and MSME (RAM) lending.

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