NEWS & ADVICE : SAVINGS ACCOUNTS
IFC joins hands with Axis Bank to support trade financing of Indian reporters
By Neelima Shankar
Jun 5, 2013
Print    Email    RSS   

International Finance Corporation (IFC) has joined hands with private lender, Axis Bank to support Indian exporters for trade financing requirements.

This association will also help Indian exporters to access global market and will hence will to boost the country's international trade.

IFC will support Axis Bank's trade finance business by providing partial or full guarantees covering payment risk of its clients.

"IFC's trade finance facility will support Axis Bank's ability to help small businesses tap growth opportunities," said Mr. Sidharth Rath, President, Treasury and Business Banking ofAxis Bank.

"With wider access to IFC's global network of partner banks, we aim to facilitate trading transactions of our customers at low risk."

IFC's Global Trade Finance Programme was introduced in 2005 mainly to increase the share of developing countries in global trade.

Under this programme, IFC has globally provided $23 billion in credit guarantees for more than 26,000 trade transactions. Axis Bank is an existing client of IFC.

In December 2011, IFC had provided Axis Bank with a $60 million credit facility for financing renewable energy and energy efficiency projects.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
PPF- How good an investment option!!
How to check balance in savings bank account
Carnival of Indian Personal Finance Blogs #1
Steps to file Income Tax return online
Carnival of Indian Personal Finance Blogs #4


20112098454 which sbi account branch
31349121871 WHAT IS THE ACCOUNT HOLDER NAME WHAT BRANCH
To, Syndicate Bank I want my account statement my...
How to find the canara bank ifsc code?
Sir my name is ronie fuentes i want to change my old...
How can i change my account mobile number

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive