The Indian FMCG is working with the State Bank of India to provide non-recourse working capital financing for key distributors in India. CT explains how.
Corporate treasurers are becoming more open to working and investing into technology startups that can solve specific business issues. Flexible partnerships are now the order of the day, it seems.
With virtual accounts, the Indian FMCG has automated a key aspect of its payments process to distributors. Time saved is equivalent to three hours a day.
Citi has promoted Ravi Saxena to run the firm's Asia-Pacific treasury and trade solutions business. He replaces Sridhar Kanthadai who now runs Standard Chartered's transaction banking business covering North Asia.