National Collateral Management Services Limited (NCMSL) has recently signed an agreement with IDBI Bank Ltd to offer comprehensive collateral management services to the commodities pledge to IDBI Bank Ltd, including ensuring quantity and quality of the commodities pledged.
NCMSL is a national level institution promoted by leading banks, cooperatives and NCDEX, to offer risk management solutions in the areas of commodities and inventories.
Currently, NCMSL manages over 3 lakh Mt of commodities spread over 2000 godowns across the country. Other services offered by NCMSL include Storage and Preservation, Testing & Certification, Market Intelligence, Procurement and Supply Chain solutions to individual, corporate and government entities.
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