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RBL Bank signs an agreement with Exim Bank for trade finance

RBL Bank signs an agreement with Exim Bank

RBL Bank, the private lender said that it has reached an agreement with Export-Import Bank of India (India Exim Bank) under the Trade Assistance Programme (TAP) in order to facilitate cross-border commercial operations.

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Export-Import Bank of India (India Exim Banktrade’s) assistance programme for cross-border transactions intends to facilitate India’s exports globally by providing credit enhancement to trade instruments.

RBL Bank signs an agreement with Exim Bank: Key Points

  • India Exim Bank will open new trade channels with the participating foreign banks and institutions in emerging countries through the programme.
  • The TAP’s credit upgrades for trade instruments will encourage the mobilisation of trade financing and strengthen aid to Indian exporters.

RBL Bank signs an agreement with Exim Bank: Attendees

On February 27, 2023, in the presence of Ms. Harsha B. Bangari, Managing Director – India Exim Bank, and Mr. R. Subramaniakumar, MD & CEO, RBL Bank, the agreement was signed at India Exim Bank’s headquarters in Cuffe Parade.

RBL Bank Shares:

  • RBL Bank Limited shares were last seen trading on the BSE for Rs. 152.40, down from the previous close of Rs. 153.15.
  • A total of 352441 shares were moved in roughly 3021 trades during the day.
  • The stock’s intraday high and low were Rs. 154.40 and 150.70, respectively. The daily net turnover was Rs. 53685938.00.
  • The company’s stock ended the day on the BSE down 0.098 percent to 153.

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Important Takeaways For All Competitive Exams:

  • RBL Bank CEO: R Subramaniakumar
  • Exim Bank CEO: Ms. Harsha Bangari

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