Justify the following statement :

Bank correspondence should be brief and to the point.

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1 Answers

  • The bank is a financial institution. 
  • A company secretary has to conduct bank correspondence as per the instruction of the Board. 
  • Bank correspondence needs careful and cautious drafting. 
  • The company secretary has to use his knowledge, skill, and experience while conducting bank correspondence, 
  • The company secretary has to conduct bank correspondence promptly and accurately.
  • Mistakes and delays in bank correspondence may bring financial loss to the company. 
  • Bank correspondence should be always brief, compact, and precise. 
  • Unnecessary or irrelevant information should be avoided in bank correspondence. 
  • Thus, bank correspondence should be brief and to the point.

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