Bank of Baroda enters into MOU with CNX Corporation Ltd
CNX is engaged in providing warehouse management services relating to commodities and inventories which inter alia include collateral management services, field warehousing arrangements, inventory audit services, storage and preservation services, procurement services, testing and certification services, inspection services, monitoring services.
G.B.Bhuyan, Head- Rural Banking (Agri & FI) and CSR presided the function and exchanged MOU with Nirupama D. Pendurkar, Managing Director & CEO of CNX Corporation Ltd.
On this occasion G.B.Bhuyan, Head- Rural Banking (Agri & FI) and CSR said “We have entered memorandum of understanding with CNX Corporation 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 CNX Corporation Ltd (CNX) will immensely benefit the farmers from distress sale of their commodities.
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