New Delhi: Punjab National Bank (PNB) and the Central Electricity Regulatory Commission (CERC) have signed a renewed Memorandum of Understanding (MoU), marking a strengthened partnership between the two institutions. The MoU signing ceremony was held in New Delhi in the presence of senior officials from both organisations, underscoring their commitment to closer institutional cooperation.
MoU Signing Ceremony in Presence of Senior Officials
The agreement was formally signed in the esteemed presence of Mr. Harpreet Singh Pruthi, Secretary, CERC, and Mr. Parveen Goyal, Zonal Head, Delhi, Punjab National Bank. The ceremony was attended by Deputy Commissioners and the Integrated Finance Adviser (IFA) of CERC, along with officers from PNB’s Circle Office, South Delhi.
The presence of senior leadership from both sides highlighted the importance of the renewed engagement and the shared objective of improving operational efficiency and coordination.
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Focus on Enhanced Financial and Administrative Coordination
The renewed MoU is aimed at strengthening institutional collaboration between PNB and CERC by facilitating improved financial and administrative communication. The partnership is expected to support smoother banking arrangements, better financial management, and more efficient service delivery aligned with the operational requirements of CERC.
Officials noted that the agreement would help deepen cooperation and streamline processes, contributing to more effective institutional functioning.
A Renewed and Strengthened Partnership
The initiative represents a continuation and reinforcement of the long-standing relationship between PNB and CERC. By renewing the MoU, both organisations reaffirmed their commitment to working closely in a structured and mutually beneficial manner.
About Punjab National Bank (PNB)
Punjab National Bank is one of India’s leading public sector banks, offering a wide range of banking and financial services to individuals, businesses, and institutions. With an extensive domestic and international network, PNB plays a vital role in supporting economic growth and institutional banking needs across the country.
About Central Electricity Regulatory Commission (CERC)
The Central Electricity Regulatory Commission is a statutory body established under the Electricity Act, 2003. CERC is responsible for regulating tariff of generating companies owned or controlled by the Central Government, inter-state transmission of electricity, and promoting competition, efficiency, and transparency in the power sector.
