PNB picks credit card partners

PNB decided to join hands with American International Group (AIG) for its credit card business.The bank said that its board of directors has approved the setting up of a joint venture bank in Bhutan and the upgradation of Representative Office in Shanghai in China to a branch. PNB has decided to rope in Venture Infotech Global Pvt Ltd - American International Group (AIG) Consortium as joint venture partner for the proposed credit card business subject to approval of the RBI and the Central Governement.