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Sohan Lal Commodity Management Limited (SLCM) Partners with PNB & Bandhan Bank to Offer Management Solutions.

Banking & Finance | Dated: 25 Oct 2024

Sohan Lal Commodity Management Limited (SLCM), based in New Delhi, has teamed up with Punjab National Bank (PNB) and Bandhan Bank Limited (based in Kolkata) to provide "Unified Collateral Management Solutions" aimed at improving the agricultural sector.

🎯 Key Highlights:

  • - This partnership addresses important issues related to post-harvest storage and financing, ultimately helping farmers and agri-businesses.

💡 Other Important Facts:

  • (i) SLCM uses its AI-powered app, 'Agri Reach,' to improve the efficiency of post-harvest credit and storage services for both banks.
  • (ii) The Agri Reach app has been recognized for reducing post-harvest losses from 10% to just 0.5%, irrespective of crop type or location.

📚 Test Your Knowledge:

Which company has Recently partnered with PNB and Bandhan Bank to offer management solutions?

Correct Answer: SLCM

🚀 Quick Recap:

About PNB

  • MD & CEO : Atul Kumar Goel
  • Headquarters: New Delhi