NCML ties up with Canara Bank for financing warehouse services

Agri-infrastructure firm NCML has signed an agreement with Canara Bank to provide finance for collateral management and warehousing services.
With this partnership both National Collateral Management Services Limited (NCML) and Canara Bank aims to assist industries, traders and farmers in financing their capital requirements at all stages of the supply chain, NCML said in a statement.
"The tie-up with Canara Bank will help in the spread of the agricultural finance and promote warehousing receipt financing across the country," NCML MD and CEO Sanjay Kaul said.
NCML deals in warehousing services, supply chain management solutions and testing & certification. It provides collateral risk management for lenders and also risk management of physical deliveries for commodity exchanges.

NCML is present in 18 states and union territories across India and its warehouses manage 70 agricultural commodities.