MIDLAND BANK, THE STATE IT SIGN MOU

A Memorandum of Understanding (MoU) was signed between Midland Bank and The State IT at the corporate head office of the bank at Gulshan in Dhaka recently. The State IT is a first-class contractor engaged in the supply and installation of network base stations for the Bangladesh Army, RAB, Bangladesh Police. Mohammad Javed Tarek Khan, Head of Institutional Banking Division of Midland Bank, and Shubhro Chakraborty, Chairman, The State IT Limited, signed the MoU. Under the MoU, The State IT will use the robust online Cash Management solution of MDB -- Midland Cash Management (MCM) application -- for conducting their daily business banking and cash management activities.