Page 23 - Banking Finance November 2025
P. 23
PRESS RELEASE
PNB signs MoU with BSNL to open employee salary accounts
Punjab National Bank (PNB), India¡¦s leading public sector bank, signs a Memorandum of Understanding (MoU) with Bharat
Sanchar Nigam Limited (BSNL) for opening of salary accounts of BSNL employees.
From PNB, the MoU was signed in the august presence of Shri Suresh Kumar Rana, CGM, BA & RM Division; Shri Parveen
Goyal, CGM, Delhi Zonal Office; Shri Sanjeev Bhardwaj, GM, National Business Team, and Shri Rajesh Kumar, GM, Delhi
Zonal Office. From BSNL, senior dignitaries included Shri Prabhu Dayal Chirania, Sr. GM, Corporate Budget and Banking and
Shri Shailender Kumar, DGM, Corporate Budget and Banking.
Under this MoU, PNB will extend its specially designed salary account offerings to the employees of BSNL, covering a wide
range of benefits aimed at ensuring their financial security and convenience.
Speaking on the occasion, Shri Suresh Kumar Rana, CGM, BA & RM Division, PNB, said: We are delighted to partner with
BSNL and extend our comprehensive bouquet of financial services to its employees. At PNB, we are committed to delivering
value-added products that not only ensure the financial well-being of account holders but also support their families with a
strong protection and benefit framework. This MoU reaffirms our dedication in building strong institutional partnerships for
inclusive growth.
CRED IndusInd Bank Rupay Credit Card: unconstrained rewards
experience across all e-commerce
CRED has launched a new credit card program with rewards across all e-commerce, and instant, flexible redemption on
flights, hotels, hundreds of merchants, and thousands of products. The first launch in this program is the CRED IndusInd
Bank Rupay credit card.
CRED members are sophisticated digital natives who have multiple credit cards and a lifestyle that involves extensive
online shopping. The price of this sophistication is compromise: rewards restricted to a few specific merchants; purchases
limited by redemption avenues in the pursuit of optimization.
For the first time, CRED has launched a cohesive experience that recognizes their agency with higher rewards across
online shopping and frictionless redemption across the CRED ecosystem.
While most credit cardholders play by complicated rules that influence where they shop and use points, CRED IndusInd
Bank Rupay credit card holders can spend, earn, and redeem wherever they choose. Card-holders earn points equivalent
to 5% of their spends on all e-commerce and 1% on offline transactions, including CRED Scan and Pay. They can redeem
these points across the CRED ecosystem, including a new flights and hotels product built exclusively for cardholders.
Indian Bank Organised Financial Inclusion Saturation Program in
Thiruvallur
As part of the Government of India, Ministry of Finance, Department of Financial Inclusion initiative, Indian Bank organised
the Financial Inclusion Saturation Program at MSS Mahal, Thirumzhisai, Tiruvallur district, on Thursday,9th October
2025, to support the vision of universal financial inclusion. This was the 4,791st such camp organised under the Nationwide
Financial Awareness Saturation Campaign, being implemented from July 1 to September 30, 2025, extended up to 31st
Oct 2025.
The event was graced by the Joint Secretary of DFS, GOI Shri. Ashish Madhaorao More, IAS in the presence of Shri Binod
Kumar, MD & CEO, Indian Bank. Shri Rajkumar GM of RBI was also present among the esteemed guests. There was also
participation of all the PSBs executives and other officers in the program.
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