No support from govt needed this fiscal: Punjab & Sind Bank MD

Punjab & Sind Bank is sufficiently capitalised to meet expected credit growth in the current fiscal year and may not need support from the government, MD and CEO S Krishnan said. He added that the bank's capital adequacy ratio improved to 18.54% in March 2022 from 17.06% in March 2021. During FY22, the government infused ₹4,600 crore in the bank.