Federal Bank has entered into partnership with online data and information portal Commodity Online for the distribution of loans against warehouse receipts and collateral management services across the country.
Commodity Online will roll out an agri-commodity financing platform through its flagship portal commodityonline.com where farmers and traders can track commodity markets and warehouses online and get financing for their commodities quickly.
Federal Bank, the private sector bank operates through a branch network of 1,252 branches and 1,524 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.37 lakh crore as at March 31, 2016.