Cash Management is the stewardship or proper use of an entity’s cash resources. It serves as the means to keep an organisation functioning by making the best use of cash or liquid resources of the organisation. At the same time the organisations have the responsibility to use timely, reliable and comprehensive financial information systems.
Cash Management helps the organisation in:
Eliminating idle cash balances.
Monitoring exposure and reducing risks.
Ensuring timely deposit of collections.
Properly timing the disbursements.
Cash Management Services (CMS) is one of our thrust areas. Today, we have large number of satisfied CMS customers, many of whom are in the top segment of the Indian Corporate and Public Sectors. This has been a result of a robust, end to end cash management product which offers innovative and reliable solutions by combining an efficient Collections and Disbursements product, backed by state of the art systems to ensure customised delivery. The Bank has constructed a wide range of CMS products covering Collections and Disbursements of operating flows, as well as specialised cash flow streams such as rights/public issue collections, dividends, interest/principal repayments, excise and sales tax payments etc. We operate out of a large and expanding network of over 198 outlets across the country. This is the largest network of online, electronically linked branches in the country. This provides us with a clear competitive advantage over the rest of the competition, which naturally translates into a lower cost and faster credit to corporates. In addition to our network, we have an extensive correspondent banking arrangement, which allows us to offer you Cash Management Services - over 1221 locations covered for collections and over 1419 locations for Payments.
