SLCM Ties Up with IDBI & Punjab Sind Bank for Collateral Services

Current Context: SLCM Partners with IDBI Bank & Punjab & Sind Bank for Collateral Services On September 3, 2025, at Mangaluru, Karnataka, Sohan Lal Commodity Management Ltd (SLCM) signed MoUs with IDBI Bank and Punjab & Sind Bank.

Aim:

• To offer unified collateral management services across India, enabling farmers and agri-traders to access post-harvest credit and secure warehousing through formal banking channels.

Highlights:

• Marks Punjab & Sind Bank’s first-ever tie-up for collateral services
• Expands Sohan Lal Commodity Management Ltd (SLCM) network to 27 banking partners across India and Myanmar
• Supports farmers dealing in cotton, pulses, maize, spices, and other staples
• Integrates Agri Reach technology for transparent, scalable, and tech-driven agri-financing
• Strengthens financial inclusion, risk-free lending, and the agri-finance value chain

Question:

Q.1 On September 3, 2025, Sohan Lal Commodity Management Limited (SLCM) signed Memoranda of Understanding (MoUs) with which two banks for unified collateral management services?
a) State Bank of India (SBI) and Canara Bank
b) Industrial Development Bank of India (IDBI Bank) and Punjab & Sind Bank
c) Bank of Baroda (BoB) and Union Bank of India (UBI)
d) Indian Bank and Punjab National Bank (PNB)

Answer: b) SLCM signed MoUs with IDBI Bank and Punjab & Sind Bank at Mangaluru, Karnataka, for unified collateral management services.