Amaravati, July 23 -- The Government of Andhra Pradesh and Punjab National Bank (PNB) on Thursday signed a landmark Memorandum of Understanding (MoU) to establish the PNB Quantum Finance Hub at Amaravati Quantum Valley (AQV), marking the launch of India's first bank-led Quantum Finance Hub.

The MoU was exchanged in the presence of Andhra Pradesh Chief Minister N. Chandrababu Naidu and Punjab National Bank Managing Director and Chief Executive Officer Ashok Chandra, reaffirming the shared commitment of the state government and the bank to foster innovation, research, talent development and the adoption of next-generation technologies in India's banking and financial services sector.

On the occasion, Ashok Chandra inaugurated the PNB Quan...