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MoneyWorks4Me

Indian Overseas Bank inks MoU with Deutsche Bank

15 Jan 2013 Evaluate

Indian Overseas Bank (IOB) has entered into a Memorandum of Understanding (MoU) with Deutsche Bank to establish a relationship in cash management services. The bank will use Deutsche Bank’s global cross-currency payments solution, FX4Cash under the terms of the said MoU.

Indian Overseas Bank, with the help of FX4Cash, will get access to a full suite of solutions to support its global cross-currency payable and receivable flows. FX4Cash will enable Indian Overseas Bank to gain efficiencies through a streamlined automated process for FX dealing and payments.

Peers
Company Name CMP
State Bank Of India 945.10
PNB 121.00
Bank Of Baroda 233.00
Canara Bank 118.20
Union Bank Of India 184.00
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