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Dhaka Tribune

HSBC Bangladesh signs agreement with BSRM

Update : 04 Nov 2015, 07:03 PM

The Hongkong and Shanghai Banking Corporation Limited in Bangladesh has signed a payments and cash management agreement on Cheque Outsourcing Service with Bangladesh Steel Re-Rolling Mills (BSRM) recently to provide secure and safe remote printing services.

The deal will facilitate performing day-to-day payments and cash management activities by BRSM, one of the largest steel manufacturing conglomerates in the country, said a press release yesterday.

By using the customer in-house printing services, the user will be able to reduce manual effort and administrative time and cost, turn-around time of transactions, chance of fraud, loss and human errors by using the secure and automated process, it added.

Bhuvnesh Khanna, head of Commercial Banking, HSBC Bangladesh, and Aameir Alihussain, managing director, BSRM Group, signed the agreement on behalf of their respective organisations.

“We are proud to share our expertise with BSRM. This will not only provide secure and safe remote printing services to our valued client, but also ensure optimum convenience, control and cost effectiveness,” said Bhuvnesh.

“We are pleased to convert to the state-of-the-art automated in-house printing service from HSBC as it will increase our efficiency and make our end-to-end processing from payment creation to delivery of instruments faster,” said Aameir Alihussain.

BSRM Group Chairman Alihussain Akberali,  Global Payments and Cash Management country Head Jishan Shamsad and Ahmad Rabiul Hasan, division head, commercial banking, HSBC Bangladesh, Chittagong chapter, were present at the signing ceremony. 

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