TCIL and PNB Join Hands to Boost Digital Banking Infrastructure
ECONOMY & POLICY

TCIL and PNB Join Hands to Boost Digital Banking Infrastructure

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.

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.

Next Story
Infrastructure Urban

Indian REITs Association Joins Global REIT Alliance

The Indian REITs Association (IRA) has become a member of the Global REIT Alliance, a coalition representing the global Real Estate Investment Trust (REIT) sector. The alliance, launched at the European Public Real Estate Association’s 2025 ReThink conference in Stockholm, aims to promote cross-border cooperation, policy dialogue, and market standardisation for the growth of REITs as an investment asset class.The Global REIT Alliance, which includes members from 24 countries, focuses on promoting global awareness of securitised real estate, supporting sustainable investment, providing indust..

Next Story
Infrastructure Transport

Vande Bharat May Soon Connect Chennai and Rameswaram

Southern Railway plans to introduce a Vande Bharat Express between Chennai and Rameswaram following the completion of electrification on the 53-km Ramanathapuram–Rameswaram section.A proposal has been submitted to the Railway Board to operate the new daytime service from either Chennai Egmore or Tambaram, aiming to ease congestion on existing overnight trains along the 600–660 km route.Officials noted that while the section is cleared for electric locomotives, a 220-metre gap near Uchipuli will undergo trials before the Vande Bharat is introduced. The final route will consider travel time,..

Next Story
Infrastructure Transport

RITES Partners with Etihad Rail to Boost Infrastructure Collaboration

RITES, a leading transport infrastructure consultancy and engineering firm, has signed a Memorandum of Understanding (MoU) with UAE-based Etihad Rail to enhance business collaboration with its subsidiary, National Infrastructure Construction Company (NICC).The partnership aims to combine RITES’ five decades of expertise in consultancy, transport infrastructure, and engineering with NICC’s execution capabilities, creating synergies for infrastructure projects across the UAE and other regions.The MoU was signed by HE Shadi Malak, CEO of Etihad Rail, and Rahul Mithal, Chairman and Managing Di..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?