Federal Bank has entered into a Memorandum of Understanding (MoU) with Edelweiss Integrated Commodity Management (EICML) for extending collateral management in commodity financing. This MoU 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. EICML is one of the leading collateral management service providers with a pan-India presence.
Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India.
