State Bank of Mysore (SBM) has entered into a strategic partnership with National Collateral Management Services (NCMSL) for collateral management and warehousing services in Bangalore. The services under this tie-up will assist industries, traders and farmers in financing capital requirements at all stages of the supply chain, ranging from pre-harvesting to the marketing and export.
Further, with this arrangement, NCMSL is confident that it will result in substantial new business across Karnataka and several other southern states.
State Bank of Mysore is the first Karnataka-based bank with fully networked branches. The bank embarked upon the latest Banking Technology platform by implementing the Core Banking Solutions (CBS) across all its branches, with an objective of providing banking convenience to the customers.
