IDBI Bank partners Vayana Network on supply chain finance

IDBI Bank partners Vayana Network on supply chain finance : IDBI Bank has signed an MoU with Vayana Network for end-to-end digitalization services.

October 2022 Current Affairs Quiz

Aim: To contribute in the growth of the supply chain finance penetration in India, which is less than 1% of gross domestic product (GDP) and contributes only 5% of the outstanding banking assets.

IDBI Bank has an existing CMS and e-trade platform. With this partnership, the bank aims to provide complete digital solutions to corporate banking and small business clients.