RBI export relief measures provide moratorium, extended export-credit timelines, FITL facility and relaxed realisation deadlines to support exporters amid global trade challenges. RBI Announces Relief Measures for Exporters: Moratorium & Credit Extensions Article Export Stress and RBI’s Timely Intervention Amid escalating global trade headwinds and a challenging external environment, the Reserve Bank of India (RBI)…
Mashreq Bank becomes the first UAE-based bank to receive IFSCA approval for setting up a branch in GIFT City, marking a major milestone in India-UAE financial cooperation. Mashreq Becomes the First UAE Bank to Enter GIFT City Introduction Mashreq Bank, a prominent financial institution from the United Arab Emirates (UAE), has secured in-principle approval from…
SBI Global Trade Centres launched in Kolkata and Hyderabad to mark its 70th anniversary, introducing AI and blockchain to boost trade finance operations and support India’s economic growth. SBI Launches Global Trade Finance Centres in Kolkata & Hyderabad State Bank of India (SBI), marking seven decades since its inception, has inaugurated two Global Trade Finance…
SBI and India Exim Bank Bridge Trade Financing Gaps in Africa In a significant move aimed at enhancing trade relations and supporting economic growth, the State Bank of India (SBI) has partnered with the India Exim Bank to bridge the trade financing gaps in Africa. This collaboration focuses on providing much-needed financial assistance to Indian…
HDFC Opens First Singapore Branch to Expand Global Presence IntroductionHDFC Bank, one of India’s leading private sector banks, has launched its first branch in Singapore as part of its strategic plan to expand its global footprint. The opening of this branch is a significant step in strengthening the bank’s international presence, aiming to offer a…
