Punjab National Bank (PNB), which has been hit by serious scams over recent times, was ranked the best public sector bank in the digital transactions group in the country. The Department of Financial Services prepared the report.
In terms of overall digital performance, Punjab National Bank ranks sixth amongst banks in the country.
According to a report by The Economic Times, the bank, in a statement said that it is completely committed to the digital India campaign.
As per the report, Punjab National Bank’s average (%) technical declines amounted to just 0.83 per cent of the total digital transactions.
The bank achieved a score of 71 in the report, rating it as ‘Good’.
This result could help the bank improve its image, which has been impacted on account of the Nirav Modi scam. The bank recently sought to enter into an agreement with the income tax department to sell its old HQ in Delhi which could help the bank raise around Rs.1,000 crore.
Sources: Business Today, The Economic Times, Financial Express