January 07, 2021
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Punjab National Bank (PNB), the country’s second largest public sector bank, has announced an alliance with the Indian Institute of Technology (IIT), Kanpur and FIRST (Foundation for Innovation & Research in Science & Technology), to jointly establish the Punjab National Bank - IIT Kanpur Innovation Centre at the IIT campus.
An MoU for this purpose was signed at the PNB Head Quarters, Dwarka, New Delhi, in the presence of CH S S Mallikarjunarao, MD & CEO of PNB and top officials from the Bank, IIT Kanpur & FIRST.
Under this partnership, PNB and IIT-Kanpur will set up a “Fintech Innovation Centre (FIC)” as a vehicle to research and develop technological solutions to explore opportunities in the BFSI space, a release issued by the bank said.