A Research on SCB’s Cash Management Products and Services

Abstract

Standard Chartered Bank (SCB) is one of the leading first generation private sector banks in our country. Such banks have come into operation following the decision that that the government of Bangladesh took almost two decades back to allow private banks to operate side by side with the Nation alized Commercial Banks (NBC's). As a foreign bank, SCB handles importance foreign related issues e.g. remittances. For this reason, different embassies, Non Government Organizations (NGO) and individuals can get their foreign money without any bureaucratic complexity. However, Cash Management Department of SCB plays a vital role in operating the total banking function. Cash Management Department offers various banking services to its customers. Now a days, business world is very complex. Within this complex environment, every business organizations try to survive in their own position. ln this case, SCB's Cash Management Department assists those organizations properly by providing services, such as-salary transfer, maintaining fixed deposit accounts, easy remittance facilities, etc.