Federal Bank ties up with Edelweiss

Federal Bank has entered into a tie-up arrangement with Edelweiss Integrated Commodity Management Limited (EICML) for extending collateral management in commodity financing. The tie up arrangement is expected to benefit farmers, traders and processors who are in need of finance, against the pledge of commodities instead of sale at low prices.

EICML is one of the leading collateral management service providers with a pan-India presence. An MOU was signed by Antu Joseph, General Manager (Products), Federal Bank and Shekar Subramanyam, Vice President, Edelweiss Group at a function held at Federal Bank office at Bandra Kurla Complex, Mumbai.