PNB and Indian Army partner to launch curated co-branded credit cards
Punjab National Bank signed an exclusive MoU with the Indian Army to launch two specialized co-branded credit cards for Army personnel. The PNB Parakram card uses eco-friendly biodegradable materials and offers customized cashback and airport lounge access. The partnership is aimed at expanding PNB’s premium retail card base with low default risk, alongside improved asset quality with GNPA at 2.78%.