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Corporate Banking
With corporate houses competing aggressively to surge ahead in changing business world, bank faces an onslaught of new demands from them. As these business spread out in the globalized world, there is an increased need for banks to provide consolidated views of financial information and support for transcontinental transactions, in real time.
Driven to retain and grow their corporate clientele, banks are integrating newer technologies into their core business process to meet the transforming rigors of corporate banking. With the changing scenario corporate banking has become very popular amongst corporate customers especially big business houses and industrial units. Banks facilitates the customers to operate the account without physically coming to the bank.
Corporate banking facilities are offered to corporate customers
– Opening letter of credits.
– Ordering cheque books
– Ordering intra-bank and inter-bank fund transfers
– International remittance
– Trade facilities
– Factoring
– Instructing stop payments of cheques
– Getting their current balance or getting their statement of accounts for any pre-defined period
