Yes Bank, India's fourth largest private sector bank has inked a memorandum of understanding (MOU) with National Bulk Handling Corporation (NBHC), a Financial Technologies Group Enterprise to work together in the area of collateral management.
As per the MOU, the bank will finance warehouse receipts issued by the warehousing and the collateral management company.
NBHC has network of over 900 locations across 19 states that are under collateral management and professional warehousing. Similarly Yes Bank has pan India presence of over 325 branches and two national operating centres in Mumbai and Gurgaon. The total strength of both will be highly beneficial to customers in this segment.
For collateral management, NBHC has been associated with 36 leading banks and till date, has disbursed over Rs 21,000 crore funding through it's collateral management support to borrowers across the ecosystem.
Company Name | CMP |
---|---|
HDFC Bank | 1439.90 |
ICICI Bank | 1120.60 |
Axis Bank | 1119.50 |
Indusind Bank | 1411.50 |
Kotak Mahindra Bank | 1628.00 |
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