Punjab National Bank eyes ambitious target to break into world's top 100

•Punjab National Bank aims to break into the world's top 100 lenders within two years, driven by faster credit growth and expansion into new businesses.

•The bank's Chief Executive Officer, Ashok Chandra, is optimistic about its growth trajectory, citing improved profitability and asset quality.

•Punjab National Bank has attracted about $425 million in foreign-currency deposits under a temporary swap facility offered by India's central bank.

•The bank plans to launch wealth management services by October and enter corporate mergers and acquisitions financing in the third quarter of the financial year.

•Punjab National Bank's balance sheet grew nearly 9% year-on-year to 19.90 trillion rupees as of June-end, with a target to more than double to 48 trillion rupees by 2030.