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Punjab National Bank - Avenues Tie-Up
February 22, 2005

There is good news for Punjab National Bank 'Anytime Anywhere' Net Banking Account Holders. You can now buy goods / services and book Hotel rooms of over 4000 of Avenues appointed merchants sites and pay directly through your Punjab National Bank Net Banking account. This is now possible because of Punjab National Bank's latest tie-up with Avenues for its solutions, CCAvenue.com , India 's largest neutral online payment gateway and ResAvenue , India 's complete reservation engine with built in Payment Gate for the Hospitality industry.

Punjab National Bank (PNB) is today, serving over 3.5 crore customers through 4474 offices, largest amongst Nationalized Banks. PNB operates at the cutting edge of technology for its customers and offers innovative services to its customers, such as Free Tele-banking / Fax Banking facility, and Centralized Banking Solution (CBS), a n inter-branch networking and data sharing platform which makes 'Anytime Anywhere' banking a reality for its customers.

Mr. M. S. Maun, Asstt. General Manager, Punjab National Bank, Retail Banking Division says, “We, at Punjab National Bank are always looking to provide maximum benefits to our account holders and always want to set standards of excellence in banking in our country. With this tie-up with Avenues, our bank account holders especially those who have opted for our 'Anytime Anywhere' banking, will have the convenience of using their PNB accounts to pay for the goods and services of over 4000 of Avenues' web merchants retailing millions of different types of products and services. Our customers will be able to buy books / clothes / cinema tickets, send gifts, donate to temples / religious organizations, book hotel rooms and even search for their life partners on bharatmatrimony.com, shaadi.com or jeevansathi.com , and pay in real time from their PNB accounts, all from their comforts of their homes/offices at the time of their convenience. PNB has already made possible the booking and payment of Rail tickets and several utility bill payments through their 'Anytime Anywhere' banking and with this tie-up with Avenues, we have opened up a whole new world of a ‘literal cashless window shopping' for PNB's customers.”

Mr. Vishwas Patel, CEO
of Avenues says, "This is a bank which believes in deploying technology for the benefit of its customers. To us, this tie-up is a very exciting event, as this will give our merchant members businesses to reach a whole new set of resident Indian customers; and the numerous NREs and NRIs, all of whom hold Punjab National Bank in high esteem."

About Punjab National Bank Ltd.
Established in 1895 at Lahore , undivided India, Punjab National Bank (PNB) has the distinction of being the first bank to have been started solely with Indian capital. From its modest beginning, the bank has grown in size and stature to become a front-line banking institution in India at present. Punjab National Bank is serving over 3.5 crore customers through 4474 offices, largest amongst Nationalized Banks. Keeping in tune with changing times and to provide its customers more efficient and speedy service, the Bank has computerized all the Branches of the Bank. The Bank has also launched aggressively the concept of "Any Time, Any Where Banking" through the introduction of Centralized Banking Solution (CBS) and over 850 offices have already been brought under its ambit. PNB also offers Internet Banking services in the country for Corporates as well as individuals. Internet Banking services are available through all Branches of the Bank networked under CBS. Providing 24 hours, 365 days banking right from the PC of the user, Internet Banking offers world class banking facilities like anytime, anywhere access to account, complete details of transactions, and statement of account, online information of deposits, loans overdraft account etc. For more information about PNB, please visit http://www.pnbindia.com

About Avenues

Avenues is a profitable, debt-free company and currently services thousands of eMerchants worldwide through its solutions www.CCAvenue.com, www.ResAvenue.com, www.EventAvenue.com, www.MembersAvenue.com, www.TrustAvenue.com, www.BpoAvenue.com. It is the largest integrated eCommerce solutions provider in South Asia. Avenues has shown revenue growth and profit growth consistently, year on year. Avenues is incorporated in India, and has offices in Singapore, Hong Kong, and USA. The Avenues support and development center is based in Mumbai, India. The total strength of the Avenues team is currently 120 personnel, spanning across all disciplines. For more information, log onto: www.Avenues.info


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