TIL Desk/Business/New Delhi-Leading online data and information portal Commodity Online has tied up with Federal Bank for the nationwide distribution of loans against warehouse receipts and collateral management services.
Announcing the tieup, George Iype, managing director of Commodity Online, said it will help farmers and traders track spot market prices of all commodities live, and to check on warehouses that are available, as well as track research insights from each commodity market across India.
As part of this tieup, Commodity Online will start an agri-commodity financing platform via its website www.commodityonline.com for farmers and traders to track commodity markets and warehouses online. It will also facilitate them getting quick financing for commodities.
