Mercantile Bank, Pran-RFL Group sign deal

Mercantile Bank signed an agreement with Pran-RFL Group over cash management services on Tuesday.

Md Quamrul Islam Chowdhury, managing director of the bank, and Uzma Chowdhury, director of PRAN RFL Group, inked the deal at the bank's head office in Dhaka, a press release said.

Under the agreement, the bank will collect sales proceeds or funds from different sales centre or outlet of RFL Electronics and collection point of Pran-RFL Group through online, mobile financial services "MyCash" and Agent Banking outlets.

Mati ul Hasan, additional managing director, Adil Raihan, deputy managing director, Md Mukitul Kabir, vice-president, Farzana Rahman and ATM Imtiaz Ahmad, deputy managers of corporate finance of Pran-RFL Group, were present.