Bank of Maharashtra and supply chain financing platform Vayana Network have forged a partnership to cater to the short-term funding needs of medium and small enterprises in the country. Under the partnership, Vayana and Bank of Maharashtra will help meet the short-term credit requirements of dealers and vendors of reputed corporates through the 'Mahabank Channel Financing Scheme'.
'Vayana Network's proprietary tech platform will help to digitise the transactions of supply chain financing, while the market services will help to increase penetration in the under-served MSME segment. The partnership with Vayana Network has helped the bank launch its digital channel financing solution for micro, small and medium enterprises (MSMEs).
Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.
