New Delhi: Telecommunications Consultants India Limited, a Government of India enterprise under the Ministry of Communications, has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB), a leading public sector bank, to fortify PNB’s IT infrastructure and accelerate its technology transformation journey. The MoU was signed on September 3, 2025, at TCIL Headquarters in New Delhi.
Strengthening IT Infrastructure and Digital Services
The partnership aims to enable faster, reliable, and customer-centric digital banking services. TCIL will leverage its expertise in IT consultancy, project management, and turnkey execution to deliver secure, regulatory-compliant technology solutions aligned with PNB’s requirements. Key areas of collaboration include RFP lifecycle management, system integration, IT infrastructure rollout, and regulatory technology deployment. TCIL will work as Project Management Consultant (PMC) or Project Implementing Agency (PIA) to ensure effective project delivery.
Statements from Leadership
Sh. Sanjeev Kumar, CMD of TCIL, stated,
“This partnership reinforces TCIL’s role as a trusted technology partner to flagship institutions. Our combined strengths in consultancy and execution will empower PNB’s digital transformation to bring superior value to its customers.”
Mr. Manish Agrawal, GM of PNB, added,
“This strategic collaboration marks a pivotal step in PNB’s IT modernization journey. With TCIL’s proven capabilities, we aim to build a resilient, secure, and innovative banking ecosystem serving customers nationwide.”
Supporting India’s Digital Vision
This MoU supports the Government of India’s Digital India vision by advancing technology-driven financial services. The partnership will help PNB accelerate technology adoption, ensure operational security and compliance, and enhance customer experience through digitally empowered banking.
Conclusion
The TCIL-PNB MoU represents a significant stride in strengthening India’s banking IT infrastructure. Through this strategic alliance, PNB is positioned to deliver cutting-edge digital services, reinforcing India’s position in the global financial technology landscape.
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Source: PIB
