BANKING AFFAIRS

Detailed explanation-1: -Bank of Baroda’s new digital Supply Chain Finance solution to accelerate Working Capital opportunities for MSME & Large Corporate. Shri. Mayank Mehta (Executive Director), Shri. PS Jayakumar (MD and CEO) and Shri.

Detailed explanation-2: -What Is Supply Chain Finance? Supply chain finance (SCF) is a term describing a set of technology-based solutions that aim to lower financing costs and improve business efficiency for buyers and sellers linked in a sales transaction.

Detailed explanation-3: -A Working Capital Loan is one that is availed of to fund the day-to-day operations of a business, ranging from payment of employees’ wages to covering accounts payable. Not all businesses see regular sales or revenue throughout the year, and sometimes the need for capital to keep the operations going may arise.

Detailed explanation-4: -DBS Digital Supply Chain Financing helps free up cash trapped in supply chain process for both suppliers and buyers. DBS offers SCF programs for client’s Procurement (Supplier Finance) and Sales (Distributor Finance).

Detailed explanation-5: -Citi. Winning the global award for Best Supply Chain Finance Provider–Bank is not just about the number of markets served or the number of supply chain finance programs a provider supports. With one of the largest transaction banking networks, Citi boasts encouraging metrics on both counts.