Business StandardCenter·
PNB targets ₹200 crore quarterly profit each from cards, cash services
The country's second-largest public sector lender, Punjab National Bank (PNB), expects its credit card and cash management services verticals to generate around Rs 200 crore each in quarterly profit from the next financial year as it steps up its focus on digital businesses to boost fee-based income. The bank has created dedicated digital platforms for three key businesses -- credit cards, supply chain management and cash management services -- each headed by a general manager to drive growth, …
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