Bank of Maharashtra (BoM) partners with Vayana Network to offer Channel Financing service for MSMEs..

Related Articles

Renowned Surgeons Join the medical team at Manipal Hospital, Ghaziabad to Enhance Surgical Expertise

June 28, 2023

SaveLIFE Foundation undertakes Tactical Urbanism Trial at the Sarita Vihar Intersection…

February 27, 2023

Over 300 crorepati sellers and ~6,000 lakhpati sellers on Meesho from Maharashtra; Mapping India’s 2022 e-commerce trends

December 22, 2022

Pune, February 18, 2021: Bank of Maharashtra has entered into a strategic partnership with Vayana Network, India’s largest Supply Chain Financing (SCF) platform to offer financial support to MSME sector. Through this association, Bank of Maharashtra will provide short term credit to meet funding requirements of dealers/ vendors of reputed corporates through “Mahabank Channel Financing Scheme” launched by the bank, through Vayana Network’s expertise in this segment.

Under the partnership, Vayana Network will provide its unique SCF solutions to Bank of Maharashtra supported by Vayana’s technology and service expertise. The SCF solutions will include vendor and dealer financing programs across bank’s network of 1,870+ branches across the country. Vayana Network’s proprietary tech platform will help to digitize the transactions of Supply Chain Financing, while the market services will help to increase penetration in the under-served MSME segment.