Eraaya Lifespaces Limited has announced that its Indian subsidiary, Ebix Cash Limited, has secured a major contract for Network Integrating Services with Punjab National Bank (PNB), one of India’s prominent public sector banks. Valued at approximately INR 138.75 crores, this three-year renewal, effective October 1, 2024, highlights Ebix’s capabilities and the opportunities available within this crucial sector, enhancing banking access across the nation.
The contract includes management of PNB’s extensive network, which comprises 10,800 branches and 5,000 ATMs, as well as oversight of the Data Centre in Delhi and other facilities. A dedicated team of over 1,100 personnel will provide effective support and maintenance throughout these locations.
Mr. Vikas Garg, the leader of Eraaya and Ebix, emphasized the importance of focusing on people and collaboration as the company moves forward. This renewed partnership with PNB reinforces Ebix’s position as a leader in integrated network solutions, and the company looks forward to the opportunities that lie ahead for its team and the communities they serve.