MTB signs cash management services deal with T K Group

Mutual Trust Bank PLC (MTB) has signed an agreement with T K Group for cash management services at a ceremony held recently at MTB Centre, the bank's corporate head office in Gulshan 1, Dhaka.

Under the arrangement, T K Group will be able to process and manage transactions and distributor collections through MTB's corporate banking solution MTB eBank, Virtual Account System (VAS), and other API-based collection services, according to the bank. Users will be able to approve transactions through the MTB eBank app using biometric authentication.

Syed Mahbubur Rahman, Managing Director and Chief Executive Officer of MTB; Mohammad Mamun Faruk, Divisional Head, Wholesale Banking Division of MTB; and Shafiul Athar Taslim, Director (Finance and Operations) of T K Group, exchanged the agreement on behalf of their respective organisations.

Also present were Mohammad Ashik Iqbal Khan, Divisional Head, Cash Management and Transaction Banking; Imran Kalam Chowdhury, Unit Head, Wholesale Banking Division of MTB; and Md Azizur Rahman Reagan, Senior Manager of T K Group, along with other officials.