News From Press Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep

Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep

Source: ET Aug 8, 2023

In a bid to expand fee-based income, state-owned Punjab & Sind Bank is planning to foray into mutual fund space and hopes to find a partner by September, a senior official has said. "The bank has already floated a Request for Proposal to finalise a partner in the Fintech space, and we hope to conclude the process soon," said Punjab & Sind Bank managing director Swarup Kumar Saha.

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