Different Cash Management Services Playing a Significant Role in India
Cash management plays an important role in the business field. Without efficient cash management services, it becomes tough to deal with all the monetary issues involved in international trading. Like many other countries, in India now several NBFCs provide important cash management services. These cash management services in India play a significant role in building a strong relationship between exporters and importers by securing a safe transaction. Let’s know about some significant cash management tools in the consequent part. Several Cash Management Services in India becoming popular There are several NBFC that provide efficient cash management services. In the passage mentioned below, we focus on some important services within them. Keep on reading to learn them in detail. Letter of credit- It refers to a significant payment mechanism that is more popular in the international transactions. The main aim of this letter is to provide an economic guarantee from a reputabl