NCML Enters into a Strategic Alliance with Nainital Bank

NCML, a major agri-infrastructure player, enter into a strategic alliance with Nainital Bank for collateral management and warehousing services. The tie-up will assist industries, traders and farmers in financing their capital requirements at all stages of the supply chain, ranging from pre-harvesting to the marketing and export stages.

Mr. Sanjay Kaul, MD & CEO, NCML, signed the agreement with Mr. Suresh Kumar Gupta, Chairman & CEO, Nainital Bank, in the presence of Mr. KC Tewari, Regional Manager, Nainital Bank & Mr. Unupom Kaushik, Deputy CEO, NCML & other senior officials.

Speaking at the signing ceremony, Mr. Sanjay Kaul, MD & CEO, NCML said “This collaboration would enable enhanced warehouse financing to farmers & other Agricultural clients in the states of Uttarakhand, Uttar Pradesh, Haryana, Delhi and Rajasthan.”

NCML is a national level institution, promoted by IFFCO, Rabo Equity, IFC, Karur Vysya Bank, HAFED, NCDEX, Punjab National Bank, Corporation Bank, Bank of India, Canara Bank, HDFC Bank, ACE Geneva, Indian Bank and YES Bank to provide risk management solutions in the areas of commodity and inventories.

About: - Nainital Bank:

The Nainital Bank Limited was established on July 31, 1922 in the hilly town of Nainital in the State of Uttarakhand by Bharat Ratna Pt. Govind Ballabh Pant and few other prominent personalities of Nainital with the objective to cater banking needs of the people of the region. The Bank was established as a Public Limited Banking company in private sector.

In the year 1973, at the behest of Reserve Bank of India, Bank of Baroda took control of the affairs of the Bank and became major shareholder. At present Bank of Baroda holds 98.57% of total equity capital of the Bank and remaining shares are held by general public. Our bank has the status of subsidiary of Bank Of Baroda and it was included in the IInd schedule of Reserve Bank of India Act 1934 on 28th November 1978.

Bank is operating with 121 branches in 05 states of the country viz. Uttarakhand (68 Branches), Uttar Pradesh (30 Branches), Delhi (16 Branches), Haryana (05 Branches) and Rajasthan (02 Branches). Bank is controlling these Branches through, 03 Regional offices at Delhi, Haldwani and Dehradun, with 01 Currency Chest at Haldwani.

All the branches of the Bank are operating in CBS platform. Bank is also providing RTGS, NEFT, SMS alerts, ATM card by RuPay, Mobile Banking and Net-Banking facilities to its customers. The total business of the Bank was Rs. 7,940 crore as on 31.03.2015. Net NPA as percentage to net advances is at 0.00% (Zero level). Nainital Bank is a customer centric Bank and provides prompt and personalized services to it’s customers in latest technological environment and truly justify its tag line – “Banking with personal touch”.

National Collateral Management Services Ltd (NCML)

The National Collateral Management Services Limited (NCML) is the country’s leading player in warehousing services, supply chain management solutions and testing & certification. It provides collateral risk management for lenders as well as risk management of physical deliveries for commodity exchanges. NCML works in partnership with more than 52 leading banks and in more than 2800 locations across the country.

The company provides these services to growers, traders, processors, importers, exporters, overseas buyers & sellers, lenders, commodity exchanges, exchange traders and government agencies. NCML is present in 21 states and union territories across India and its warehouses manage as many as 100 agricultural commodities as well as storage services for non-agricultural commodities and inventories.

Incorporated in 2004, NCML has been promoted by reputed banks like, Bank of India, Canara Bank, HDFC Bank, Indian Bank, The Karur Vysya Bank, Punjab National Bank, Corporation Bank and Yes Bank as well as organisations like Rabo Equity, IFC - Washington, NCDEX, IFFCO, HAFED and ACE Geneva. The company is governed by an independent and professional board.

The company provides following services: storage & preservation, procurement & supply chain, collateral management, testing & certification, trade & commodity intelligence, weather intelligence and crop intelligence.