CASH MANAGEMENT STRATEGIES IN BANKING SECTOR AT ICICI BANK

Abstract

This study looks into the currency management tactics used by ICICI Bank, an Indian bank, with a focus on how they optimize liquidity, improve operational efficiency, and reduce risk. It checks the efficiency of the bank's everyday operations by looking at its controls over the flow of money in and out. Several tech-driven solutions are highlighted in the paper. These include digital payment platforms, automated currency forecasting tools, and fundamental banking systems. Solutions for managing liquidity that are both profitable and compliant with regulations are given top priority. The methods adopted by ICICI Bank to control excess funds and cut down on idle cash are also covered in the study. It compares and contrasts the effects of good financial management on happy customers and steady business. Liquidity and currency reserve requirements are examined in relation to RBI rules. Concerns include operational risks and variations in cash demand. Centralized currency management improves visibility and command, according to the study. Improving cash efficiency is another focus of treasury operations, which are discussed in the study. Financial success is enhanced by efficient cash management, according to the results.