A Supply Chain Finance facility has been developed by the state-owned Indian Bank. The programme, which was launched last week by Shri. S.L. Jain, MD & CEO, Indian Bank, will provide corporate suppliers and dealers with access to short-term working capital financing.
According to a statement from the Bank, the new SCF programme will enable a documented smooth transaction flow based on pre-agreed conditions with buyers, sellers and the Bank being on the same platform.
