Telecommunications Consultants India Limited (TCIL), a Government of India enterprise under the Ministry of Communications, signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB), one of India’s leading public sector banks, on 3 September 2025. The partnership aims to enhance PNB’s IT infrastructure and accelerate its technology transformation, enabling faster, more reliable and customer-centric digital services.

The signing ceremony took place at TCIL’s headquarters in New Delhi, with distinguished dignitaries in attendance. The TCIL delegation was led by Sanjeev Kumar, Chairman & Managing Director, while PNB was represented by Manish Agrawal, General Manager, along with senior executives from both organisations.

Under the MoU, TCIL will offer specialised expertise in IT consultancy, project management, and turnkey execution of complex technology initiatives. The collaboration seeks to provide robust, secure and regulatory-compliant solutions that will strengthen PNB’s digital backbone, enhance operational resilience, and foster innovation in customer services.

Key areas of support will include Request for Proposal (RFP) lifecycle management, system integration, IT infrastructure rollout, and regulatory-compliant technology deployment. Based on requirements, TCIL will serve either as Project Management Consultant (PMC) or Project Implementing Agency (PIA), ensuring solutions are aligned with PNB’s technology roadmap and customer priorities.

Sanjeev Kumar, CMD of TCIL, stated:

“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 of PNB, added:

“This strategic partnership with TCIL represents a significant milestone in PNB's IT transformation journey. Leveraging TCIL's proven expertise in IT consultancy and project management, we are positioned to accelerate our technology modernisation and deliver innovative IT solutions that meet the evolving needs of our customers across India. This collaboration will enable us to build a more resilient, secure and customer-centric banking ecosystem.”

The collaboration will allow PNB to rapidly adopt new technologies, ensure secure and compliant operations, and offer customers quicker, more reliable and digitally enabled banking experiences.

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.