BusinessThe Hindu
PNB eyes ₹200 crore quarterly profit each from credit card, cash management verticals
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New Delhi The country's second-largest public sector lender, Punjab National Bank (PNB), expects its credit card and cash management services verticals to generate around ₹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, PNB Managing Director and CEO Ashok Chandra told PTI in an interview.
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