Bank correspondence should be brief and to the point.

Question

Justify the following statement :

Bank correspondence should be brief and to the point.

Answer 1

• 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.