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 the timely deposit of collections.
Proper timing of 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 3,200 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 (CMS) - over 1500+ locations covered for collections
and over 2,000+ locations for payments.