Bank of Baroda Launches Digital Supply Chain Finance Solution

State-run lender Bank of Baroda launched digital Supply Chain Finance solution which aims to 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. BoB’s digital Supply Chain Finance solution has been designed to ensure faster approvals, smoother transaction processing and availability of finance to the Small and Medium Enterprises.

Static/Current Takeaway Points Important for RBI Assistant Mains 2017 Exam-

  • Headquarters of BOB is in Vadodara, Gujarat and Tagline is ‘India’s International Bank’.
  • Current MD & CEO of BOB is P S Jayakumar.
  • Source- The Hindu Business Line