TCIL Signs MoU with Punjab National Bank to Strengthen Comprehensive IT Solutions
This initiative also supports the Government of India’s Digital India vision
Telecommunications Consultants India Limited (TCIL), a Government of India enterprise under the Ministry of Communications, has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB), one of India’s leading public sector banks, to accelerate PNB’s digital transformation and strengthen its IT infrastructure.
The MoU was signed at TCIL Headquarters in New Delhi in the presence of senior dignitaries from both organizations. The TCIL delegation was led by Sanjeev Kumar, Chairman and Managing Director, while PNB was represented by Manish Agrawal, General Manager, along with senior executives.
Under this partnership, TCIL will provide specialized expertise in IT consultancy, project management, and turnkey implementation of large-scale technology projects. The collaboration aims to deliver secure, reliable, and regulatory-compliant IT solutions to reinforce PNB’s digital backbone, enhance operational resilience, and improve customer experience.
Key areas of cooperation include Request for Proposal (RFP) lifecycle management, system integration, IT infrastructure rollout, and deployment of regulatory-compliant technologies. Depending on project requirements, TCIL will act as Project Management Consultant (PMC) or Project Implementing Agency (PIA), ensuring solutions that align with PNB’s technology roadmap.
Speaking on the occasion, 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.”
Manish Agrawal, GM, PNB, added: “This strategic partnership with TCIL represents a significant milestone in PNB’s IT transformation journey. Leveraging TCIL’s proven expertise, we are positioned to accelerate our modernization efforts and deliver innovative solutions that meet the evolving needs of our customers across India.”
The collaboration is expected to enable PNB to adopt new technologies swiftly, ensure secure and compliant operations, and provide faster and more reliable digital banking services.
This initiative also supports the Government of India’s Digital India vision, reinforcing trust in technology-driven financial services and contributing to the growth of the nation’s digital banking landscape.
