In order to help out the industries and farmers with agriculture finance and support them by fulfilling all their requirements that they need in pre harvesting, marketing and export stages, Canara bank has decided to work with National Collateral Management Services Ltd (NCML). Through this joint venture they will facilitate collateral management and warehousing services. G Sreeram, General Manager, Canara Bank and Sanjay Kaul, Managing Director and CEO, NCML signed the agreement with each other.
G Sreeram, General Manager, Canara Bank stated that agri business has been the main focus of the bank .This measure will help to promote the warehousing services and agribusiness financing all over the country. Karur Vysya Bank, HAFED, NCDEX, Punjab National Bank, Corporation Bank, Bank of India, Canara Bank, HDFC Bank, ACE Geneva, Indian Bank and YES Bank are promoting NMCL.