IFIC Bank, Runner Motors sign cash management deal

IFIC Bank PLC and Runner Motors PLC have signed an agreement for cash management services.

The agreement was signed on Tuesday at a ceremony held at IFIC Tower in Dhaka in the presence of senior officials from both organisations.

Helal Ahmed, Chief of Branch Business of IFIC Bank PLC, and Rajesh Kumar Yadav, Chief Financial Officer of Runner Motors PLC, signed the agreement on behalf of their respective organisations.

Sheikh Akhter Uddin Ahmed, DMD and Chief Credit Officer of IFIC Bank PLC; Dilip Kumar Mandal, Chief Financial Officer of IFIC Bank PLC; Ahmad Hossain, Head of IT of Runner Motors PLC; and Md Ziaur Rahman, Senior Manager, Accounts & Finance of Runner Motors PLC, among others, were present at the ceremony.

Under the agreement, Runner Motors will use IFIC Bank’s integrated API-driven cash management solutions for nationwide distributor and customer collections.

The agreement also covers IFIC Bank’s payment solutions for managing various payments of Runner Motors.