TREADING THE FINE LINE BETWEEN BUSINESS AND COMPLIANCE: A CASE OF ADVANCE IMPORT REMITTANCES

Manoj Patil worked in the compliance team at Pragmatic Bank Ltd, a private-sector bank with a presence across India. It was among the top five private banks in the country and counted the largest PSU banks among its peers.

Pragmatic Bank had a vibrant business model and was known to be a transaction-banking-focused bank with a significant share in the trade services and cash management business. It offered a boutique range of trade services and leveraged its overseas collaborations to deliver seamless, cost-effective solutions to its trade customers.