Current Affairs - Banking - Discussion

Punjab National Bank (PNB) signed a Memorandum of Understanding with Telecommunications Consultants India Limited (TCIL) on 3 September 2025 to strengthen its IT systems and digital banking capabilities. The partnership focuses on areas like system integration, IT infrastructure rollout, and regulatory-compliant deployments, ensuring PNB delivers secure, resilient, and customer-centric services. TCIL will provide consultancy, project management, and execution support, helping PNB meet rising customer demands while maintaining robust cybersecurity standards. This collaboration not only strengthens PNB’s competitive position in the digital banking sector but also aligns with the broader Digital India mission to expand secure financial services nationwide.