Bank of Baroda enters into MOU with Universal Collateral Management Pvt. Ltd
Pune, 28th September 2017: Bank of Baroda, India’s International Bank has entered into MOU with Universal Collateral Management Pvt. Ltd with an objective to provide collateral management services to the borrowers who are availing the facility of loan against warehouse receipt through the network of Bank of Baroda branches across the country. Universal Collateral Management Pvt. Ltd is engaged in providing warehouse management services relating to commodities and inventories which include collateral management services, field warehousing arrangements, inventory audit services, storage and preservation services, procurement services, testing and certification services, inspection services, monitoring services.
Mr. G.B.Bhuyan, Head- Rural and Agri Banking and CSR presided the function and exchanged MOU with Mr. Arpit Dhoot, CEO & ED of Universal Collateral Management Pvt. Ltd
On this occasion Mr. G.B.Bhuyan, Head- Rural Banking (Agri & FI) and CSR said “We have entered memorandum of understanding with Universal Collateral Management Pvt. Ltd to work jointly to provide loans against warehouse receipt through collateral management services. This relationship of Bank of Baroda, one of the premier banks of our country, with Universal Collateral Management Pvt. Ltd will immensely benefits the farmers from distress sale of commodities.
