Punjab National Bank (PNB) announced that it has completed 100% core banking implementation at all its 4604 branches and extension counters. Completed in November 2008, 4 months ahead of schedule, the bank implemented Finacle core banking solution from Infosys across its operations running a flexible, and scalable database platform from Oracle and Sun SPARC enterprise servers from Sun Microsystems
With its pan India presence, PNB offers a wide variety of banking services through its 4604 branches including 249 extension counters. With an increasingly dynamic business and regulatory environment, PNB sought to not only achieve automation, but also centralize operations, standardize branch processes, achieve high scalability for future business growth, provide flexibility of creating innovative banking products to its lines of business, and at the same time, reduce overall costs.
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