This is to Strengthen Comprehensive IT Solutions
FinTech BizNews Service
Mumbai, September 11, 2025: Punjab National Bank (PNB), India’s leading public sector
bank, has signed a Memorandum of Understanding (MoU) with Telecommunications
Consultants India Limited (TCIL), a Government of India Enterprise under the
Ministry of Communications, to strengthen PNB’s IT infrastructure and fast-track its
technology transformation journey. This collaboration will enable faster, more
reliable, and customer-centric digital services.
The signing ceremony took place at TCIL Headquarters, New Delhi, in the presence
of distinguished dignitaries. PNB was represented by Shri Manish Agrawal, GM,
along with senior executives from the Bank, while the TCIL delegation was led by
Shri Sanjeev Kumar, CMD.
Under the MoU, TCIL will provide specialized expertise in IT consultancy, project
management, and turnkey execution of complex technology initiatives. The
collaboration aims to deliver robust, secure, and regulatory-compliant solutions that
will reinforce PNB’s digital backbone, improve operational resilience, and support
innovation in customer services.
Key areas of support include RFP lifecycle management, System Integration, IT
Infrastructure Rollout, and Regulatory-Compliant Technology deployment.
Depending on requirements, TCIL will serve as Project Management Consultant
(PMC) or Project Implementing Agency (PIA), ensuring solutions aligned with PNB’s
technology roadmap and customer priorities.
Speaking on the occasion, Shri Manish Agrawal, GM PNB, said: “This strategic
partnership with TCIL marks a milestone in PNB’s IT transformation journey.
Leveraging TCIL’s expertise, we will accelerate modernisation, enhance customer
touchpoints, and deliver secure, seamless digital banking services across India.
Together, we are creating a resilient, technology-driven, and customer-first banking
ecosystem.”
Shri Sanjeev Kumar, CMD TCIL, said: “This partnership with Punjab National Bank
underscores TCIL’s role as a trusted technology partner to leading institutions. By
combining our expertise in IT consultancy, procurement, and turnkey execution, we
will help PNB advance its IT foundation and deliver greater value to its customers.”
This collaboration will enable PNB to adopt new technologies at speed, ensure
secure and compliant operations. The MoU also supports the Government of
India’s Digital India vision, reinforcing trust in technology-driven financial services
and advancing the nation’s digital banking landscape.
