BoB launches supply chain finance solutions

State-run Bank of Baroda has launched a supply chain finance solution to offer working capital loans to small and medium enterprise and large corporate clients. The solution will cover 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. Ramchandran will be responsible for all operational aspects with responsibility to deliver on financial performance, customer acquisition and engagement, revenue maximisation, HR and IT, among others.

The expanded facility will manufacture according to the first line concept, making India the first market in the Apac region to incorporate this standard. Once operational, the facility will cover around 58,000 sqft and will create up to 500 jobs, which will be staffed by members of the local community. Datwyler provides a unique range of future-proof healthcare sealing solutions and services for primary and secondary packaging.

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