IDBI Bank launches liquidity management solution for institutional clients

IDBI Bank launched Corporate Cash Management Solution (C-LMS) and Government Cash Management Solution (G-LMS) to meet the cash management needs of institutional clients.

“LMS and G-LMS provide a real-time, web-based, formula-based liquidity management solution,” Private Sector said in a statement.

These solutions provide institutions with tools for better liquidity position visibility across the organization, helping them forecast and project cash positions at a glance, the bank said.

Additionally, C-LMS helps corporate clients automate the transfer of funds to different entity accounts.

“It also helps corporate clients manage their cash effectively, thereby contributing to effective working capital management,” the statement added.

Rakesh Sharma, MD & CEO, IDBI Bank, said, “We have built this liquidity management solution with the needs of our institutional clients in mind…to manage their liquidity needs in one integrated system.

LMS provides a single solution to consolidate funds and manage liquidity seamlessly across the organization, he added.

Published on

February 26, 2022

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