Punjab National Bank expects to break into the ranks of the world’s top 100 lenders within two years, as India’s third-biggest state bank by assets bets on faster credit growth and an expansion into new businesses to bolster its balance sheet. “Given our trajectory on growth, profitability, and asset quality, the bank is poised for good growth and better valuation,” Chief Executive Officer Ashok Chandra said in an interview. “If you see the profitability or the efficiency ratios of the bank, I think we are in the right position.”