Tuesday, March 04, 2025 | 03:22 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Federal Bank signs MoU with EICML for collateral management

Image

Press Trust of India Mumbai
Private sector lender Federal Bank today said it has entered into a tie-up with Edelweiss Integrated Commodity Management (EICML) for extending collateral management in commodity financing.

The tie-up is expected to benefit farmers, traders and processors who are in need of finance, against the pledge of commodities instead of sale at low prices, Federal Bank said in a release issued here.

EICML is one of the leading collateral management service providers with a pan-India presence.

The MoU was signed between Federal Bank General Manager (Products) Antu Joseph and Edelweiss Group Vice President Shekar Subramanian here.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 24 2015 | 3:32 PM IST

Explore News