- Indian Government emphasis on MSME finance. With around ~37Mn Corporate and SME customers, bank wanted to grow its revenue from its corporate customer base.
- Manual origination and transaction processing of SCF products at the bank resulted in significant delays, resulting in corporates and their vendor / suppliers to explore alternate sources of financing.
Supply chain finance for a large PSU bank in India
Business Overview
Customer is a leading Fortune 500 bank with ~37Mn Corporate and SME customers with a revenue of US 51Bn, US 640Bn in assets as of 2021, providing a wide range of banking products through its network of branches in India and overseas.
![SCM In India](https://insights.techmahindra.com/styles/text_and_image_desktop/s3/images/supply_chain_finance_in_india_landing.jpg.webp)
Business Challenges
Elevating MSME Finance
Solution Highlights
Value Delivered
Digitization Growth
E2E digitization reduced manual effort and transaction volumes also grew by 40% per year.
Rapid Expansion
Number of dealers and vendors grew manifold from 1000+ to around 45,000+ over a decade with sanctioned limits of over 7B USD as of FY23 to dealers and vendors.
Transaction Insight
Bank is able to leverage past transaction history of vendors and dealers to make decisions on ad-hoc limits.
Blockchain Innovation
TechM received The Economic Times BFSI Innovation Awards for a Blockchain Enabled- Supply Chain Module Developed for the client.