Canara Bank has joined hands with National Bulk Handling Corporation (NBHC), a warehousing commodity. Through this tie up the bank wants to extend the warehouse receipt financing for farmers. A MOU was signed by NBHC MD and CEO Anil Chaudhary and Canara Bank Chief General Manager S.S. Bhat in the presence of Canara Bank's interim managing director and CEO, V.S. Krishnakumar, and Executive Director, P.S.Rawat.
Through this tie up the bank will assist the farmers in Financing. It is stated that The tie-up with Canara Bank is yet another step in attracting institutional finance to the commodity ecosystem, mainly the post-harvest segment.