Amaravati, July 24 -- Punjab National Bank (PNB) and the Government of Andhra Pradesh have signed a Memorandum of Understanding (MoU) to establish the PNB Quantum Finance Hub at Amaravati Quantum Valley (AQV), creating India's first bank-led Quantum Finance Hub.

The MoU was exchanged in the presence of Andhra Pradesh Chief Minister N. Chandrababu Naidu and PNB Managing Director and Chief Executive Officer Ashok Chandra. On the occasion, Chandra also inaugurated the Quantum Finance Hub.

Hub to Drive Innovation in Banking Technologies

The initiative aims to promote innovation, research, talent development and the adoption of emerging technologies such as Quantum Computing and Artificial Intelligence in the banking and financial services ...