MTB, Ifad Motors ink deal for cash mgt services of Royal Enfield bikes

Mutual Trust Bank PLC (MTB) announced its collaboration with Ifad Motors Limited, introducing a state-of-the-art cash management solution designed to streamline the client’s financial operations.

MTB’s comprehensive digital cash management platform integrates payments, collections, and reconciliation services into an efficient and unified system, that will enable Ifad Motors Limited to achieve operational excellence, reduce costs, and ensure seamless financial transactions.


Md Khalid Mahmood Khan, additional managing director & CBO of MTB, and Taskeen Ahmed, managing director of Ifad Motors Limited, signed the agreement on behalf of their respective organizations.

Among others, Mohammad Ashik Iqbal Khan, divisional head, cash management & transaction banking, Zubair Raza, unit head, wholesale banking division-1 from MTB and Sohadeb K Das, CFO, Muidur Rahman, head of business from Ifad Motors Limited, along with other senior officials from both organizations were present at the ceremony.