The success of large corporations depends on a variety of factors. In general, proper planning, foresight, human resources and research are among the main factors that contribute to the sustained growth of a company. But in today’s scenario with fierce competition, changing or evolving technology, changing requirements and needs of people or changing business practices means that corporations survive and maintain their position, they need much more than just planning and execution.

Corporate banking is one such factor that greatly contributes to the growth of a large corporation. It provides the complete and sophisticated services that a large company requires in today’s business world.

Given the high demand for a proper responsible banking service from these large corporations, most of the world’s major banks have a separate dedicated operation catering to the needs of businesses that are quite different in requirements and scale compared to a small or average medium business. .

Corporate banking requires a large base of knowledge and experience to cater to all the requirements of business and industry. It includes a large selection of commercial and transactional products and services. Some of the typical products and services include financing or corporate financing, bank guarantees, syndication services, foreign exchange services, investments, stocks, derivatives, comprehensive Internet banking facilities, etc.

Corporate lending, trade financing, and commodity financing are also important aspects of corporate banking:

Corporate Loans: A wide variety of credit products are offered, including revolving lines of credit, term loans, standby letters of credit, and foreign exchange facilities. This sector also deals with the organization of working capital lines, long-term debt, acquisition financing, bridge financing and some other syndicated services.

Trade Finance: This sector of banking provides very powerful trade services for the efficient movement of goods. This includes the automated letter of credit system and document collection services.

Commodity Financing: This banking sector is considered “the boss” of the industry when it comes to financing trade flows for some agricultural products such as grains, cotton, coffee, sugar, cocoa, and a variety of other commodities. Short and medium term line of credit is also available based on trade related requirements.

From the point of view of corporate banks, it is very essential to build teams to handle the requirements of individual companies, as personalized services are the prerequisite for handling such operations. Furthermore, it goes far beyond simply providing banking products and services to corporations. It involves a lot of consulting and one-on-one interaction as well. Consulting services may be required on a variety of topics such as mergers and acquisitions, foreign trade, company liquidity, etc.

The services require a team of highly skilled and highly proactive staff who can meet all the requirements of a corporate client, no matter how unique or difficult the requirement. Personal banking should be able to proactively find ways to complete the customer’s request, as it could make a big difference in the operation and growth of the customer’s business, which is the main reason they need corporate banking services anyway. specialized.