Bank of Baroda has launched a digital Supply Chain Finance solution, which will accelerate working capital loan opportunities for the small and medium enterprises and large corporate clients. The new product provides a range of supply chain finance products which covers pre- and post-shipment products like dealer and vendor finance. P.S. Jayakumar, MD and CEO of the bank, said the bank has gone live with the product and it is offering the service to some large corporates. He added that the Supply Chain Finance will empower the bank and give it competitive positioning in the market, highlighting its intent as a leader in the field of supply chain finance. By increasing automation and straight-through processing, while enhancing reporting capabilities, the platform would reduce risks while uplifting satisfaction of our clients, the bank said.
