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Vedanta Aluminium partners with Central Bank of India for collateral-free loans
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....edanta Aluminium partners with Central Bank of India for collateral-free loans<BR>PTI News<BR>Dated:- 10-6-2025<BR>PTI<BR>Bhubaneswar, Jun 10 (PTI) Vedanta Aluminium has signed a Memorandum of Underst....
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....anding with Central Bank of India for offering collateral-free customer financing, officials said. The partnership will provide low-interest working capital through ‘BALCO’ and Vedanta Metal Baza....
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....ar, a release issued by the company said. The initiative will enable original equipment manufacturers (OEMs), including MSMEs, to access loans with minimal documentation and at highly competitive int....
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....erest rates, it said. Financing limits range from Rs 10 lakh to Rs 10 crore per customer, with the potential for higher limits based on business turnover and BALCO’s recommendation, the release sai....
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....d. Rajiv Kumar, CEO of Vedanta Aluminium, said, “Our partnership with Central Bank of India marks a pivotal step in strengthening the aluminium value chain by making working capital more accessible....
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.... and affordable for MSMEs, who form the backbone of India’s manufacturing and industrial ecosystem.” PTI AAM RBT<BR> News - Press release - PIB....