{"id":107102,"date":"2023-08-16T12:36:48","date_gmt":"2023-08-16T07:06:48","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107102"},"modified":"2023-08-16T12:36:50","modified_gmt":"2023-08-16T07:06:50","slug":"in-the-next-two-years-punjab-sind-bank-plans-to-double-its-atm-network-to-1600","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/in-the-next-two-years-punjab-sind-bank-plans-to-double-its-atm-network-to-1600\/","title":{"rendered":"In the next two years, Punjab &amp; Sind Bank plans to double its ATM network to 1600."},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1561173648\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>State-owned Punjab &amp; Sind Bank plans to double its ATM network to about 1,600 in the next two years to increase its touch points and brand visibility.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1119673620\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Besides, the bank also intends to open 50 more branches during the current financial year taking the total network beyond 1,600, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PSB\/standalone?standalone=true\">Punjab &amp; Sind Bank<\/a><\/strong> managing director Swarup Kumar Saha told PTI.<\/p><p>The addition of new branches would add to low-cost deposits and help in the penetration of loan products, he said.<\/p><p>&#8220;We are trying to build operational efficiency more so that I can reduce my cost and increase my fee income. We are moving to very granular areas like increasing ATM network, improving digital banking experience,&#8221; he said.<\/p><div class=\"trade-content_5\" id=\"trade-653933503\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>He said the ATM network can itself be a profit centre because the outside customer pays about Rs 17 per transaction for the use of an ATM machine.<\/p><p>The bank is in the process of upgrading its core banking solution (CBS) which would help the digital journey much better and also bring in efficiency, he said.<\/p><p>With regard to recovery, Saha said, the outlook for the current financial year is Rs 1,500 crore and take all efforts to achieve the target.<\/p><p>The bank intends to pre-load recovery and sensitise all borrowers about the virtues of debt servicing, he said.<\/p><p>The bank is also keeping a close tab on slippages and it should not exceed more than Rs 900 crore during the year, he added.&nbsp;<\/p><div class=\"trade-after-content\" id=\"trade-3532181023\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>State-owned Punjab &amp; Sind Bank plans to double its ATM network to about 1,600 in the next two years to increase its touch points and brand visibility. Besides, the bank also intends to open 50 more branches during the current financial year taking the total network beyond 1,600, Punjab &amp; Sind Bank managing director Swarup [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":100076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-107102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In the next two years, Punjab &amp; Sind Bank plans to double its ATM network to 1600. - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"State-owned Punjab &amp; Sind Bank plans to double its ATM network to about 1,600 in the next two years to increase its touch points and brand visibility.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/in-the-next-two-years-punjab-sind-bank-plans-to-double-its-atm-network-to-1600\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In the next two years, Punjab &amp; 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