Question
_______ and Export-Import Bank of India (India Exim
Bank), have entered into an agreement under the Trade Assistance Programme (TAP), to support cross-border trade transactions.Solution
RBL Bank and Export-Import Bank of India (India Exim Bank), have entered into an agreement under the Trade Assistance Programme (TAP), to support cross-border trade transactions. With India Exim Bank's support, RBL Bank will be able to gain footholds in nations, where trade lines are constrained. Through the programme, India Exim Bank will extend trade lines to participating overseas banks/institutions in the emerging markets. The credit enhancements to trade instruments provided under TAP, will help mobilise trade finance and would increase support to Indian exporters.
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