New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    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.
    A RBL Bank Correct Answer Incorrect Answer
    B Federal Bank Correct Answer Incorrect Answer
    C IndusInd Bank Correct Answer Incorrect Answer
    D South Indian Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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.

    Practice Next

    Relevant for Exams: