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Bank of Maharashtra partnered Vanaya network for channel financing

February 19, 2021

Bank of Maharashtra partnered Vanaya network for channel financing

Bank of Maharashtra on Thursday went into an essential association with fintech organization Vayana Network to offer channel financing administration for MSMEs. Vayana is India’s biggest inventory network financing platform offering monetary help to MSMEs. Through this organization, BoM has dispatched the Mahabank Channel Financing Scheme to give momentary credit to meet subsidizing necessity of sellers and merchants of corporates.

A S Rajeev, MD and CEO of BoM, said they were taking a looking at offering a completely computerized financing experience to MSME clients, providers and wholesalers of driving corporates. “We trust in the force of associations, and thus have tied up with driving fintechs to launch creative digital offerings.” Ram Iyer, organizer and CEO, Vayana Network said, inventory network money or exchange account has become a basic vehicle for reasonable MSME credits.

SCF has acquired footing in the post-COVID period as both corporates and their MSME supply chains targeting at streamlining their working capital cycles and liquidity.

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