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Tag Archives: Punjab National Bank (PNB)

PNB partners with IoTechWorld Avigation to finance agriculture drones

TBB BUREAU NEW DELHI, FEB 23, 2024 Punjab National Bank (PNB) has announced a significant partnership with IoTechWorld Avigation Private Limited through the signing of a Memorandum of Understanding (MoU) to finance Agriculture Drones under the Agriculture Infrastructure Fund (AIF) scheme. The signing ceremony, which took place on Friday, marked the exchange of agreements between PNB’s General Manager of the ...

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Bibhu Prasad Mahapatra takes over as PNB Executive Director

TBB BUREAU NEW DELHI, OCT 9, 2023 Bibhu Prasad Mahapatra has assumed charge as the Executive Director on the Board of Punjab National Bank (PNB) with effect from October 09, 2023 for a period of three years or up to the date of his attaining the age of superannuation. A post graduate in Political Science from Utkal University and a ...

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PNB introduces CBDC-UPI interoperability for seamless transactions via PNB Digital Rupee App

TBB BUREAU NEW DELHI, SEPT 5, 2023 Punjab National Bank (PNB) has announced the launch of India’s Central Bank Digital Currency (CBDC) with Unified Payments Interface (UPI) Interoperability feature in its Digital Rupee mobile application. This move is in line with the RBI’s CBDC pilot project, and unleashes a new potential in India’s payment ecosystem. PNB customers can now use ...

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WDRA and PNB ink pack to facilitate finance against e-NWRs

TBB BUREAU NEW DELHI, MAR 16, 2023 With the aim of facilitating farmers and traders in providing low interest rate loans, Warehousing Development Regulatory Authority (WDRA) exchanged a Memorandum of Understanding (MoU) with the Punjab National Bank (PNB) on Thursday in the presence of WDRA Chairperson TK Manoj Kumar, its Member Mukesh Kumar Jain, PNB Managing Director & CEO Atul ...

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PNB announces mandatory verification of high-value cheques

TBB BUREAU NEW DELHI, APRIL 4, 2022 In a move to protect the bank customers against large value cheque frauds, Punjab National Bank (PNB) has made Positive Pay System (PPS) mandatory for cheque of Rs.10 lakh and above from April 4, 2022. As per the Positive Pay System (PPS) developed by the National Payments Corporation of India (NPCI), a customer ...

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PNB launches co-branded credit card with Patanjali in partnership with RuPay

TBB BUREAU NEW DELHI, JANUARY 31, 2022 Punjab National Bank (PNB) and Patanjali Ayurved Limited (PAL) have launched co-branded credit cards in partnership with the National Payments Corporation of India (NPCI). The co-branded credit cards are offered on NCPI’s RuPay Platform and are available in two variants – PNB RuPay Platinum and PNB RuPay Select. Starting the New Year on ...

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