BRAC Bank to offer digital cash management solutions to Karmasangsthan Bank
BRAC Bank has partnered with Karmasangsthan Bank to offer enhanced digital cash management solutions across the country.
Under the agreement, BRAC Bank will collect loan instalments and savings deposits from customers of Karmasangsthan Bank through its nationwide network of branches, sub-branches, and Agent Banking outlets. To enable real-time transaction updates and seamless reconciliation, the two banks will establish API connectivity between their systems.
Through this partnership, around 23 lakh customers of Karmasangsthan Bank will benefit from real-time loan instalment and savings deposit collection services, ensuring greater convenience, accessibility, and efficiency in financial transactions.
Md. Shaheen Iqbal, Additional Managing Director and Head of Wholesale Banking of ...