Punjab & Sind Bank intends to raise Rs 2,000 crore through Qualified Institutional Placement (QIP) in the second half of the fiscal year to support business expansion. Managed by merchant bankers to be onboarded by August, the fundraising aims to enhance the bank’s Capital Adequacy Ratio, currently at 17.10%. It will also reduce the government’s stake, which stands at 98.25%. The bank anticipates a 12-14% growth in its asset book, with retail, agriculture, and MSME sectors expected to grow by 15-18%. Customer-centric initiatives include branch transformations, a special debit card for women, and digital banking enhancements through the PSB UNiC App.