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Banks need to further improve their customer service: DFS Secretary
PTI | June 26, 2025 10:12 AM CST

Synopsis

Financial Services Secretary M Nagaraju stated that banks are stable but need customer service improvements. Punjab & Sind Bank launched new branches, a CASA back office, and digital lending for MSMEs on its 118th foundation day. The bank also introduced TAB Banking, a revamped call center, and new products for students and farmers, focusing on customer-centricity and digital transformation.

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Banks are more stable and healthier, but there is scope for improvement on the customer service side, Financial Services Secretary M Nagaraju said.

"Today, banks are more stable and healthier. While good customer service is being provided across the board, there is still scope for improvement to ensure we bring a genuine smile to every customer's face," he said on the 118th foundation day of Punjab & Sind Bank on Wednesday.

On the occasion, the bank launched a series of new and smart branches designed to deliver superior customer experiences and seamless digital services.

The bank also virtually launched its CASA Back Office in Chandigarh, a strategic step towards streamlining operations and further strengthening customer service delivery, Punjab & Sind Bank said in a statement.

Additionally, the bank launched cash flow-based digital lending products designed specifically for MSME customers, strengthening its support for the country's small businesses.

"These initiatives reflect our focus on customer-centricity, digital transformation, and social responsibility. We are proud to serve millions of customers and remain dedicated to building a stronger, future-ready bank," Punjab & Sind Bank MD and CEO Swarup Kumar Saha said.

To mark its foundation day, the bank announced the introduction of TAB Banking at select branches for customer acquisition, a revamped call centre with customer relationship management capabilities, and a suite of new liability products tailored for students, farmers, and family members.


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