Money & Banking

Federal Bank inks pact with EICML

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

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 here between Federal Bank General Manager (Products) Antu Joseph and Edelweiss Group Vice-President Shekar Subramanian.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on November 24, 2015
This article is closed for comments.
Please Email the Editor