Business Segment: Trust, Association, Society and Club (TASC)

Offering innovative solutions for TASC customers

TASC unit serves various institutional customers with innovative and cost-effective solutions that are supported by the latest banking industry technologies. With conformance to specific regulatory requirements as a key focus, we cater to non-governmental organisations (NGOs), societies, clubs, trusts, educational institutions, developmental authorities, municipal corporations, municipal committees by offering customised solutions.

We customise our products and services to constantly fulfil the specific objectives of our clients, especially various government departments across all levels. During the year, we continued to cater to the requirements of our customers with new product launches. We also on-boarded esteemed clients such as developmental authorities, municipal committees and temple trusts.

Our seasoned team of highly experienced relationship managers source new leads and cater to this niche segment.

QUICK FACTS
1,437Cr
TASC book

21% y-o-y img

331Cr
CASA* book

170% y-o-y img

*Current Account Savings Account

img y-o-y growth

img y-o-y de-growth

HIGHLIGHTS OF FY 2020-21
  • Differential saving account rates
  • Point of Sale (PoS) machine
  • Cash Management Services (CMS) solutions
  • Online fee collection solutions
  • QR code solution to cater to various customer requirement under the segment
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OUTLOOK

The pandemic has accelerated India’s adoption of the digital economy, especially with the increasing prominence of online banking and other financial solutions. Keeping this digital evolution in mind, we are focusing on delivering more digital solutions, going forward. We have online fund disbursement and tracking systems for various state and central government projects in the queue, alongside online fee collections and customised online/offline tax collection channels (and other dues) for municipal corporations. We will also provide solutions to developmental authorities for convenient processing of housing schemes and offer customised card-based solutions for multiple functionalities.