Bank of Baroda launches supply chain finance solution for MSMEs

State-run Bank of Baroda has launched a supply chain finance solution in Mumbai to offer working capital loans to small […]

   

State-run Bank of Baroda has launched a supply chain finance solution in Mumbai to offer working capital loans to small and medium enterprise and large corporate clients. The solution will cover pre and post shipment products – dealer or channel finance, vendor finance and payable finance. “We have kept the design and framework of technology and processes for the supply chain finance product such that it will augment the growth drivers for both large corporate and MSME clients,” BoB’s executive director Mayank Mehta said on Monday.

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