Lakshmi Vilas Bank Ties Up With NBHC For Collateral Management & Warehousing
Posted on:25 Mar 2016 16:21:02
25 March 2016 Current Affairs GK: Private lender Lakshmi Vilas Bank has tied up with National Bulk Handling Corporation (NBHC) for collateral management and warehousing services. "Lakshmi Vilas Bank announces its alliance with National Bulk Handling Corporation Private Limited (NBHC), a major agri-infrastructure player, established in 2005 for collateral management and warehousing services," Lakshmi Vilas Bank said in a statement on March 23,2016. The objective of these services will enable industry traders and farmers in financing their capital requirements at all stages of supply chain, ranging from pre-harvesting to the marketing and export stages, it added. This would allow the bank to provide financial flexibility to farmers, minimising the seasonal price fluctuations and distress sales during crop harvest season, the statement said. NBHC caters to the needs of the members of the commodities future exchange for strong commodities and delivery through designated warehouses. It also assures on the quality and quantity by maintaining the inherent quality during the period of storage and up to the time of delivery of the traded commodities.
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