Bank of Baroda unveils supply chain finance solution for seamless capital loans

Bank of Baroda

Bank of BarodaPublic lender Bank of Baroda has launched a supply chain finance solution to ensure working capital loans to small and medium enterprise and large corporate clients.

The solution will include services like pre and post-shipment products – dealer or channel finance, vendor finance and payable finance.

“We have kept the design and framework of technology and processes for the supply chain finance product such that it will augment the growth drivers for both large corporate and MSME clients,” Mayank Mehta, Executive Director, Bank of Baroda.

This service will accelerate working capital loans by enhancing reporting capabilities. It will bring down the risk and ensure greater satisfaction to the clients.

Small and Medium Enterprises (SMEs) are reporting greater demand for finance, particularly debt. However, out of the total financial requirement, more than three fourth is either self- financed or generated via informal sources. The rollout of the Goods and Services Tax (GST) has also boosted the requirement for finance in the industry.


The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.