Your Payments, Perfected: Prime Bank Recognized by Citigroup for Excellence in USD Transactions

Posted On: Thursday, October 30 2025

Prime Bank has been honored with the prestigious Straight-Through Processing (STP) Excellence Award from Citigroup, recognizing its exceptional performance in US Dollar payments.

This annual award from Citigroup, a leading global bank, identifies financial institutions that demonstrate the highest levels of efficiency in foreign currency payments. STP, which enables fully automated transaction processing without manual intervention, ensures faster, more reliable and cost-effective payments.

Prime Bank achieved a perfect 100% STP rate for treasury payments and an impressive 99.33% for commercial USD payments, underscoring its operational excellence.

“We are honored by this recognition, which reflects our team’s dedication to providing customers with the best possible service,” said Mr. Lakshminarayanan Iyer, Assistant General Manager and Head of the International Division. “Our division is committed to processing all foreign payments on the same day within agreed cut-off times.”