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Simplifying Loan Interest: What is reducing balance method?

Simplifying Loan Interest: What is reducing balance method?
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Muthoot FinCorp collaborates with Veefin Solutions for supply chain finance India Infoline

Muthoot FinCorp: Muthoot FinCorp partners with Veefin Solutions to start supply chain finance operations

Non-banking finance company Muthoot FinCorp has partnered with Veefin Solutions Ltd to launch supply chain finance operations in India. Muthoot FinCorp will utilize Veefin s technology to manage various aspects of supply chain finance, including onboarding suppliers and vendors, underwriting loans, and managing transactions. This partnership aims to enhance customer experience through a seamless process powered by contemporary technology. Muthoot FinCorp s CEO, Shaji Vargese, highlighted the importance of supply chain finance in optimizing working capital for buyers and suppliers, especially for MSMEs.

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