CREDIT AGAINST WAREHOUSE RECEIPTS

National Bulk Handling Corporation (NBHC) will work as a collateral manager with IDBI Bank and State Bank of Patiala for warehouse receipt loans The banks have entered into an agreement to provide credit to farmers, corporates and processors against NBHC warehouse receipts. The stock pledged with the banks will be kept in warehouses owned by NBHC which will guarantee quality and quantity of the commodity