THEBUSINESSBYTES BUREAU
MUMBAI, JANUARY 31, 2026
In a
significant push towards deepening its digital banking and supply chain finance
capabilities, Union Bank of India has entered into a Memorandum of
Understanding with C2FO Factoring Solution Private Limited, which operates the
Trade Receivables Discounting System platform under the brand name C2treds. The
partnership is aimed at enhancing liquidity access for micro, small and medium
enterprises while offering corporates a transparent and efficient receivables
financing mechanism.
The MoU was
signed by senior leadership from both organisations, underscoring the strategic
importance of the collaboration. Union Bank of India was represented by Abhijit
Basak, Chief General Manager, Large Corporate Vertical; Prasad Ramaswamy, Head
– Corporate Relationship & Transaction Banking; Siddharth Mujumdar, General
Manager; and Deputy General Managers Biju Surendran and Shri Nagabhushan.
C2treds was represented by Neha Bahadur, Managing Director; Newton D’Souza,
Associate Director – Financial Institutions; and Ninad Bhoir, Senior Manager,
Financial Institutions Operations.
Through this
partnership, Union Bank of India will leverage the C2treds digital platform to
deliver faster and more efficient receivables financing solutions. The
initiative is expected to significantly improve cash flow cycles for MSMEs by
enabling quicker realisation of dues, while providing large corporates with a
seamless, compliant and technology-driven framework for vendor payments. The
move also strengthens the Bank’s participation in the rapidly expanding TReDS
ecosystem.
Speaking on
the occasion, Abhijit Basak said the association aligns closely with the Bank’s
long-term vision. “Our partnership with C2treds is in line with Union Bank of
India’s strategic focus on promoting digital banking, inclusive growth and
risk-calibrated credit delivery. By leveraging advanced fintech platforms, we aim
to empower MSMEs with timely access to working capital and support sustainable
economic growth,” he noted.
Neha
Bahadur, Managing Director of C2treds, highlighted the shared mission behind
the collaboration. “Partnering with Union Bank of India reinforces our common
objective of enabling MSMEs through predictable and timely liquidity. This
collaboration will also accelerate the expansion of C2treds as a trusted,
scalable and impactful TReDS platform in India’s supply chain finance
landscape,” she said.
With this
MoU, Union Bank of India takes another decisive step towards embracing
innovative fintech partnerships, reaffirming its commitment to customer-centric
solutions and the strengthening of India’s MSME backbone.
