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SLCM collaborates with IDBI Bank and Punjab & Sind Bank to launch comprehensive collateral management solutions nationwide in India
Sohan Lal Commodity Management Limited (SLCM), a leading post-harvest logistics and Agri-solutions company in India, has announced its collaboration with IDBI Bank and Punjab & Sind Bank to provide unified collateral management services across the country. This partnership marks a significant milestone for SLCM, expanding its portfolio to 27 banking partners across India and Myanmar. The company’s goal is to provide innovative, technology-driven solutions for collateral management, ensuring transparency, efficiency, and scalability across the agriculture value chain.
According to Sandeep Sabharwal, Group CEO of SLCM, the partnership reflects the growing trust in SLCM’s scientific and industry-proven collateral management and warehousing services. With over 16 years of market leadership, SLCM has consistently driven innovation in Agri Supply Chain Management. The company’s technology-driven storage and risk management solutions, combined with the financial strength of the banks, will ensure secure, transparent, and scalable Agri-financing.
SLCM’s extensive network covers 22 states across India, with over 20,742 warehouses and 96 cold storage facilities. The company offers post-harvest solutions for more than 1274 commodity variants, including cotton, pulses, maize, spices, and other staples. Through this partnership, farmers will gain access to comprehensive financing and collateral management services. The company has demonstrated remarkable growth, generating storage receipts worth ₹88,219 crore to date, with a 257% surge in the past five years.
SLCM will leverage its patented and industry-proven technology platform ‘Agri Reach’ to enable real-time monitoring of Agri-commodities and ensure efficient, transparent, and secure storage. Agri Reach has significantly reduced post-harvest losses from the industry average of 10% to just 0.5%, directly benefiting millions of farmers, FPOs, and agri-businesses across the supply chain. The company’s proprietary technology remains committed to supporting future growth and innovation, further strengthening its ability to deliver secure and scalable warehousing solutions.
The partnership is expected to further financial inclusion and strengthen India’s agricultural economy. Salman Ullah Khan, CBO cum Director of SLCM, expressed that the company’s warehousing business has been growing steadily, driven by the strong trust that stakeholders place in SLCM’s capabilities. The growth reflects the robustness of the company’s model and the tangible value it brings to the Agri ecosystem. By ensuring transparency, reliability, and innovation in its services, SLCM is strengthening the Agri-finance value chain and creating long-term benefits for farmers, traders, and financial institutions alike.
SLCM collaborates with IDBI Bank and Punjab & Sind Bank to launch a unified collateral management platform, providing comprehensive services nationwide.
Sohan Lal Commodity Management Limited (SLCM), a leading post-harvest logistics and Agri-solutions company in India, has announced a collaboration with IDBI Bank and Punjab & Sind Bank to provide unified collateral management services across the country. This partnership marks a significant milestone for SLCM, expanding its portfolio to 27 banking partners across India and Myanmar. The company’s Group CEO, Sandeep Sabharwal, stated that this collaboration reflects the growing trust in SLCM’s scientific and industry-proven collateral management and warehousing services.
SLCM’s extensive network covers 22 states across India, managing over 20,742 warehouses and 96 cold storage facilities, and offering post-harvest solutions for more than 1274 commodity variants. Through this partnership, farmers dealing in commodities such as cotton, pulses, maize, spices, and other staples will gain access to comprehensive financing and collateral management services. The company has demonstrated remarkable growth, generating storage receipts worth ₹88,219 crore to date, with a 257% surge in the past five years.
SLCM’s warehousing business has been growing steadily, driven by the strong trust that stakeholders place in the company’s capabilities. The company’s patented technology platform, ‘Agri Reach’, enables real-time monitoring of Agri-commodities and ensures efficient, transparent, and secure storage. Agri Reach has significantly reduced post-harvest losses from the industry average of 10% to just 0.5%, directly benefiting millions of farmers, FPOs, and agri-businesses across the supply chain.
The partnership with IDBI Bank and Punjab & Sind Bank will leverage SLCM’s Agri Reach technology to deliver secure and scalable warehousing solutions. Salman Ullah Khan, CBO cum Director of SLCM, expressed that the company’s growth reflects the robustness of its model and the tangible value it brings to the Agri ecosystem. By ensuring transparency, reliability, and innovation in its services, SLCM is strengthening the Agri-finance value chain and creating long-term benefits for farmers, traders, and financial institutions alike.
Overall, SLCM’s collaboration with IDBI Bank and Punjab & Sind Bank is a significant step forward in providing unified collateral management services across India. The company’s commitment to innovation, transparency, and scalability is expected to drive growth and advancement in the Agri-finance ecosystem, ultimately benefiting millions of farmers and stakeholders across the country.
SLCM collaborates with IDBI Bank and Punjab & Sind Bank to provide a comprehensive collateral management solution under a unified platform
Sohan Lal Commodity Management Limited (SLCM), a leading post-harvest logistics and Agri-solutions company in India, has partnered with IDBI Bank and Punjab & Sind Bank to provide unified collateral management services across India. This collaboration marks Punjab & Sind Bank’s first-ever tie-up in collateral management services and expands SLCM’s portfolio to 27 banking partners across India and Myanmar. With this partnership, SLCM aims to provide innovative, technology-driven solutions for collateral management, ensuring transparency, efficiency, and scalability across the agriculture value chain.
The partnership will enable farmers and agri-stakeholders to access post-harvest credit at competitive rates, furthering financial inclusion and strengthening India’s agricultural economy. SLCM’s extensive network covers 22 states across India, with over 20,742 warehouses and 96 cold storage facilities, offering post-harvest solutions for more than 1274 commodity variants. Through this partnership, farmers dealing in commodities such as cotton, pulses, maize, spices, and other staples will gain access to comprehensive financing and collateral management services.
SLCM has achieved remarkable growth, generating storage receipts worth Rs 88,219 crore to date, with a 257% surge in the past five years. The company’s warehousing business has been growing steadily, driven by the strong trust that stakeholders place in SLCM’s capabilities. SLCM’s patented technology platform, ‘Agri Reach’, enables real-time monitoring of Agri-commodities and ensures efficient, transparent, and secure storage. Agri Reach has significantly reduced post-harvest losses from the industry average of 10% to just 0.5%, directly benefiting millions of farmers, FPOs, and agri-businesses across the supply chain.
The partnership with IDBI Bank and Punjab & Sind Bank is a significant milestone for SLCM, underscoring its credibility and extensive reach in the Agri-finance ecosystem. SLCM’s Group CEO, Sandeep Sabharwal, stated that the partnership reflects the growing trust in SLCM’s scientific and industry-proven collateral management and warehousing services. The company’s CBO cum Director, Salman Ullah Khan, expressed that the growth in the warehousing business is driven by the strong trust that stakeholders place in SLCM’s capabilities, and the company is committed to supporting future growth and innovation.
Overall, the partnership between SLCM, IDBI Bank, and Punjab & Sind Bank is expected to have a positive impact on India’s agricultural economy, enabling farmers and agri-stakeholders to access credit at competitive rates and strengthening the Agri-finance value chain. With its innovative technology platform and extensive network, SLCM is well-positioned to continue driving growth and innovation in the Agri-solutions sector.
IDBI Bank donates computers to local city school
IDBI Bank’s Shillong Branch has made a significant contribution to the educational infrastructure of Rilbong PN Chaudhuri Higher Secondary School in Shillong. As part of its Corporate Social Responsibility (CSR) initiative, the bank donated computers to the school on Friday. The donation ceremony was attended by school principal Indranil Bharracharjee, vice principal Sanjoy Bhattacharjee, and IDBI Bank officials, including branch head Angshuman Das and branch head of IDBI Bank, Nongstoin, Badari Wankhar.
The donation is aimed at enhancing digital learning facilities for students, providing them with better access to knowledge and technology. IDBI Bank officials emphasized the bank’s commitment to societal development through its CSR programs, highlighting the importance of education in empowering individuals. They expressed their hope that this initiative would enable students to build a brighter future.
The donation of computers is a significant step towards strengthening the educational infrastructure of the school. It is expected to have a positive impact on the students, providing them with access to digital resources and tools that will enhance their learning experience. The initiative demonstrates IDBI Bank’s commitment to giving back to the community and supporting the development of education in the region.
By supporting educational institutions, IDBI Bank is contributing to the empowerment of future generations. The bank’s CSR initiative is a testament to its dedication to societal development and its recognition of the importance of education in shaping the future of individuals and communities. The donation of computers to Rilbong PN Chaudhuri Higher Secondary School is a positive step towards creating a more equitable and accessible education system, and it is expected to have a lasting impact on the students and the community.
S&P Global has upgraded the ratings of 10 major financial institutions, including State Bank of India, ICICI, and HDFC Bank.
S&P Global, a leading credit rating agency, has lifted the ratings of 10 banks and finance firms in India, citing improved economic conditions and a decline in bad loans. The upgrade reflects the agency’s optimism about the Indian banking sector, which has been undergoing significant reforms and consolidation in recent years.
The banks and finance firms that have received rating upgrades include:
1. State Bank of India (SBI)
2. ICICI Bank
3. HDFC Bank
4. Axis Bank
5. Kotak Mahindra Bank
6. IndusInd Bank
7. Yes Bank
8. IDBI Bank
9. Tata Capital
10. L&T Finance Holdings
The ratings upgrade is a significant development for the Indian banking sector, which has been facing challenges such as high levels of non-performing assets (NPAs) and a slowdown in economic growth. However, with the implementation of the Insolvency and Bankruptcy Code (IBC) and other reforms, the sector has started to show signs of improvement.
S&P Global has stated that the rating upgrades are based on the banks’ improved asset quality, stronger capitalization, and better profitability. The agency has also noted that the Indian government’s efforts to recapitalize public sector banks and address the NPA issue have contributed to the upgrade.
The rating upgrades are expected to have a positive impact on the banks’ and finance firms’ ability to raise capital and borrow funds at lower costs. This, in turn, is likely to boost their lending activities and support economic growth in India.
The upgrade also reflects the agency’s confidence in the Indian economy, which is expected to recover from the pandemic-induced slowdown. The Indian government has been taking several measures to boost economic growth, including infrastructure spending, tax cuts, and monetary policy easing.
Overall, the rating upgrades by S&P Global are a positive development for the Indian banking sector and reflect the agency’s optimism about the sector’s prospects. The upgrades are expected to have a positive impact on the banks’ and finance firms’ operations and are likely to support economic growth in India.
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