Comments
Federal Bank Limited has partnered with leading online data and information portal Commodity Online for the distribution of loans against warehouse receipts and collateral management services across the country.
Commodity Online will roll out an agri-commodity financing platform through its flagship portal www.commodityonline.com where farmers and traders can track commodity markets and warehouses online and get financing for their commodities quickly.
According to Mohan K, Deputy General Manager (SME & Agri), Federal Bank, the bank’s partnership with the portal enables it to aggressively get into the online space to provide financing for agri-commodities with collateral management across India.
George Iype, Managing Director of Commodity Online, said farmers and traders can track the spot market prices of all commodities live, check where warehouses are available and track research insights from each commodity market across India.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.