Public Sector Unit

The group caters to the banking needs of all Public Sector Units (PSUs) under the Central and the State Governments which include Maharatnas. The product suite includes value-added lending and deposit services across a wide range of products. We have successfully executed several collection mandates for Bonds and Dividend payments from key PSUs, and have been appointed as the leading Cash Management banker for several of our clients.

We have designed exclusive Current and Savings account products, keeping in mind the unique transactional banking requirements of PSUs. The account comes with a host of facilities and services such as Collecting or Payee banker for Bonds Issue programme, Interest warrant, Dividend warrant, customer cheques, remote Demand Drafts, ECS, NEFT, RTGS and opening Letter of Credits for Import or Export transactions, and foreign Remittances.