Punjab National Bank Launches Virtual Branch In Metaverse The bank will offer an immersive 3D experience to the customers while performing traditional banking activities through their digital avatars

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Twitter

State-owned Punjab National Bank (PNB) on Thursday announced the launch of a virtual branch, PNB Metaverse. According to a PTI report, it is a virtual branch of the bank for the existing and new customers to explore the bank's products and services such as bank deposits, retail/MSME loans, digital products, women/senior citizens, 'Do It Yourself' and government flagship schemes.

"In this new phase of the internet, which evolves from a disparate collection of sites and apps into a persistent 3D environment, where moving from work to a social platform is as simple as walking from the office to the movie theatre across the street," said PNB managing director Atul Kumar Goel, in a statement.

"With this technology, we are looking forward to increasing the customer engagement rate, improving customer acquisition process and providing a hyper-personalized customer experience," he added.

The statement further noted that the bank will offer an immersive 3D experience to the customers while performing traditional banking activities through their digital avatars.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

Business News

Here's the Secret to Growing Your Small Business, According to Execs at UPS, Airbnb, Mastercard, and Other Big Brands

These 10 executives work at big companies, overseeing programs that help small business. Here's the advice they wish all small business owners were getting.

News and Trends

Leverage Edu Secures Investment From Lohiya Family Office

The company plans utilize the fund to double down on efforts to roll out the offering to more students from emerging economies in the region

Business Culture

Why Recent Layoffs and Unaddressed Employee Grief Are Hurting Your Company's Bottom Line

Communication can go a long way in creating trust, stability and vision in an organization's very unstable time of grief. This will, in turn, improve the company's bottom line as well.

Business News

Is Your Relationship With Your Work at a Breaking Point? You're Not Alone, Survey Finds

In a new survey by HP, 83% of unhappy workers said they are willing to earn less to be happier at their job.

Thought Leaders

Hate Your Job? Ask Yourself These 7 Questions to Find One With More Money and More Happiness.

Here are the steps you need to take to find a more fulfilling and higher paying job.

Growing a Business

A 5-Time Founder Shares His Best Success Tips

Godard Abel's sold businesses to Oracle and Salesforce, and these are the three biggest secrets to his success.