IDBI Bank has launched a corporate liquidity Management solution and a Government Liquidity Management solution to meet the liquidity management needs of institutional customers.
LMS and G-LMS provide real-time, web-based, and formula-driven liquidity management solutions said the private sector in a statement.
These solutions provide tools to institutions for enhanced visibility of liquidity positions across the company, helping them in forecasting and projecting the cash positions at glance, the bank said.
Additionally, C-LMS helps corporate customers to automate the transfer of funds across various accounts of the entity.
“It also helps corporate customers to manage liquidity efficiently, thereby helping in efficient working capital management,” the statement said.
Rakesh Sharma, MD & CEO, IDBI Bank, said, “We have built this liquidity management solution keeping in mind the needs of our institutional clients to manage their liquidity requirements under one integrated system”.
“LMS provides a unique solution towards consolidating funds and managing the liquidity seamlessly within the company,” he added.