K. S. Sreenivasan

Oriental Bank of Commerce Ltd. engages in the provision of banking and financial services. It operates through the following segments: Treasury Operations, Corporate & Wholesale Banking, Retail Banking, and Other Banking Operations. The Treasury Operations segment involves in dealing with securities and money market operations. The Corporate & Wholesale Banking segment comprises all advances to trusts, partnership firms, companies, and statutory bodies. The Retail Banking segment offers services to individual, Hindu undivided family, partnership firm, trust, private and public limited companies, co-operative societies, and to small business. The Other Banking Operations segment includes all other banking operations. The company was founded on February 19, 1943 and is headquartered in Gurugram, India.

Canbank Factors Ltd. is a subsidiary of Canara Bank, controlled by the Government of India. The company is based in Bangalore, India and was founded in 1991. The Indian company provides cash flow solutions for MSMEs through sale bill factoring, LC discounting, purchase bill discounting, and vendor financing schemes. The company offers quick response and better pricing for their client-friendly products. Factoring is the discounting of receivables, converting credit sales into cash sales immediately. The company purchases receivables on a recourse basis and provides immediate credits up to 80%% to 90%% of the value of invoices. The benefits of factoring include improving turnover, better credit management, improving profit, and making balance sheets healthier. Canbank Factors provides complementary WC limits availed from banks, follow-up of each invoice by factor and collection of dues, and off-balance-sheet finance.