Money & Banking

Federal Bank inks pact with EICML for commodity financing

PTI Mumbai | Updated on January 22, 2018 Published on November 24, 2015

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.

Published on November 24, 2015
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