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Role of Cash Management System in Banking Sector

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Author Affiliations

  • 1VMV Commerce,JJP Science,JMT Arts Nagpur, MS, INDIA
  • 2 Dept.of Commerce (Business Management) R.T.M. Nagpur Univ, Nagpur, MS INDIA

Res. J. Management Sci., Volume 3, Issue (12), Pages 15-17, December,6 (2014)

Abstract

In the wake of the financial crisis, banks around the world have to adapt to a different and rapidly changing business Cash is the life blood of any business. It is very important factor to any orgnisation. It helps to achieve the objectives of the business and helps to carry the smooth working of an orgnisation. The very prominent process in an economy is the cash flow and currency flow within the economy. It has unique assets and most important to quality system to be able to maintain the flow of cash and currency between outlets, Banks and customers. With the changing enviournment of today’s era bank has faced a huge challenge that is change, banks needs to be very careful and updated with the changing standards. To overcome the shrinking deposits, to increase the number of accounts etc. bank has to be updated and come up with the new technique Cash Management Services. Hence the objective of this paper is to study the Role of cash management system in Banking Sector.

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