Federal Bank ties up with data portal for loans against warehouse receipts

Federal Bank ties up with data portal for loans against warehouse (गोदाम) receipts

Federal Bank has partnered with leading online data and information portal Commodity Online for the distribution of loans against warehouse receipts and collateral (आनुषंगिक) management (प्रबंध) 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 Commodity Online enables it to aggressively (उग्रता के साथ) get into the online space to provide (प्रदान करें) financing for agri commodities with collateral management across India.