Punjab & Sind Bank (PSB) launches digital initiatives on 119th Foundation Day

Exam-focused facts from the 3 July 2026 current affairs briefing.

Key facts

Punjab & Sind Bank (PSB) launched the Navjyoti mobile application for human resources, Central Bank Digital Currency (CBDC) services, and a Digital Gold Loan facility on its 119th Foundation Day.
PSB introduced the PSB Bharat Connect account designed specifically for central and state government employees.
The bank achieved a net profit of ₹1,322 crores.
PSB registered the highest Micro, Small and Medium Enterprises (MSME) growth in the banking sector at 30 per cent.
Swarup Kumar Saha serves as the Managing Director and Chief Executive Officer (MD & CEO) of PSB.