Punjab National Bank (PNB) revealed its financial outcomes for Q2 FY’24, headlined by a net profit surge to ₹ 1756 Crore, which represents an impressive 327.14% YoY growth. The operating profit witnessed an 11.67% YoY elevation, amounting to ₹ 6,216 Crore. Concurrently, the bank’s net interest income swelled by 20%, culminating at ₹ 9,923 Crore. […]
Dynacons Systems & Solutions said that it has bagged a managed services order worth INR 57.04 crores from Punjab National Bank (PNB) pertaining to the delivery of IT security solutions related to endpoints. The Mumbai-based IT company is said to have won the bid amid stiff competition from other vendors. Punjab National Bank has employed […]
Alankit Limited, a New Delhi-based Indian e-governance service provider, said that it has been shortlisted by Punjab National Bank (PNB) as a national business correspondent. The company said that it will be entitled to get a substantial amount from Punjab National Bank for providing banking services through kiosks. In consideration of the roles and responsibilities, […]
Vakrangee Limited (VL) said that it has forged a partnership with Punjab National Bank (PNB) to offer business correspondent (BC) banking services across India at its Nextgen Vakrangee Kendra outlets. The India-based technology driven company claims to have over 13,000 banking BC points and is the fourth largest ATM operator in rural India with 5,400 […]
Vedavaag Systems Limited, a Hyderabad-based e-governance solutions provider, has been selected by Punjab National Bank for empanelment as a business correspondent for financial inclusion. As a business correspondent, Vedavaag Systems will be responsible for implementing financial inclusion services for Punjab National Bank. The company is also a national business correspondent for State Bank of India, […]