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CUB in pact with IDBI Bank

CHENNAI: City Union Bank (CUB) has entered into an agreement with IDBI Bank for collection of outstation bills drawn on any bank, at all IDBI Bank locations. This will enable CUB to give quick credits to customers who give bills for collection, within six days from the date of submission. Similarly, a drawing arrangement has also been made with IDBI Bank for the issue of at par cheques on IDBI locations to facilitate the customers' remittances to centres where CUB does not have branch, according to a release.

— Our Bureau

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