Current Affairs · Agreements and Partnerships
In September 2025, Sohan Lal Commodity Management Limited (SLCM) partnered with IDBI Bank and Punjab & Sind Bank to offer unified collateral management services. Which of the following statements about this partnership are correct? 1. SLCM has collaborated with 27 banking partners across India and Myanmar for crop collateral management. 2. SLCM exclusively operates in the textile sector for managing dyed cotton bales as collateral. 3. This partnership allows farmers and traders to pledge stored agricultural commodities as collateral for loans.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 1
- 2Both 1 and 3✓
- 3Only 3
- 4Both 2 and 3
Correct answer
Both 1 and 3
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