Karnataka Bank has partnered with fintech company CredAble to launch its first fully digital Supply Chain Finance (SCF) platform, marking a significant step in the bank’s digital transformation strategy. The new platform is designed to improve access to working capital for corporates, MSMEs, dealers and suppliers through a technology-driven financing ecosystem.
The initiative reflects Karnataka Bank’s continued focus on strengthening MSME financing, which remains one of its core business segments.
Digital Platform to Strengthen MSME Financing
With a legacy of more than a century, Karnataka Bank serves over 14 million customers through a network of 950-plus branches across the country. The bank said MSMEs account for nearly one-third of its business, and the new digital platform is expected to further expand financing opportunities for small and medium enterprises connected to large corporate supply chains.
Through the partnership, the bank aims to significantly grow its supply chain finance portfolio during the current financial year by offering faster and more efficient working capital solutions.
Technology to Simplify Supply Chain Finance
The platform integrates multiple financing products with automated workflows, digital documentation, real-time transaction tracking, portfolio monitoring and audit capabilities. By replacing manual processes with a unified digital system, the bank expects to improve operational efficiency and deliver a more seamless customer experience.
According to the bank, the digital platform is expected to reduce turnaround time by around 40%, accelerate supplier onboarding and enable same-day transaction processing for eligible cases.
Supporting India’s Expanding MSME Ecosystem
The partnership comes at a time when Indian MSMEs are expected to play a larger role in global supply chains, supported by evolving international trade partnerships and the country’s long-term economic growth agenda.
As businesses increasingly seek faster access to working capital, digital supply chain finance is emerging as an important tool for improving liquidity across supplier and dealer networks. The platform is expected to help Karnataka Bank serve corporate clients and their MSME partners with greater speed, transparency and operational control.
Leadership Highlights Digital Banking Vision
Commenting on the partnership, Raghavendra Srinivas Bhat, Managing Director and Chief Executive Officer of Karnataka Bank, said the collaboration aligns with the bank’s vision of delivering technology-led banking solutions that enhance customer experience and strengthen support for the MSME sector. He noted that the digital platform would simplify supply chain financing while contributing to business growth and a more digitally empowered economy.
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Ashutosh Taparia, CEO – Fintech Business at CredAble, said the partnership would help Karnataka Bank scale its supply chain finance business through a digital, data-driven operating model while improving access to working capital for businesses across the value chain.
Driving the Next Phase of Digital Finance
The collaboration between Karnataka Bank and CredAble is expected to strengthen the bank’s digital banking capabilities while creating a more efficient and scalable supply chain finance ecosystem. By combining banking expertise with advanced fintech solutions, the partners aim to improve credit delivery, enhance operational efficiency and support the continued growth of India’s MSME sector.
