In a groundbreaking move, YES BANK has become the inaugural Indian bank to execute an export finance transaction on RXIL Global IFSC Limited’s International Trade Financing Services Platform (ITFS). The collaboration marks a significant stride in digitization and cross-border business for YES BANK.
The platform, registered under the International Financial Services Centres Authority (IFSCA), offers a digital avenue for arranging credit through Factoring, Forfaiting, and other trade financing services at competitive rates with swift processing. This historic transaction is the first of its kind on the ITFS platform in conjunction with any bank in India.
1. Which Indian bank recently conducted the first export finance transaction on RXIL’s ITFS platform?
a) HDFC Bank
b) ICICI Bank
c) YES BANK
d) Axis Bank
2. What is the primary focus of the International Trade Financing Services Platform (ITFS) by RXIL Global IFSC Limited?
a) Real Estate Financing
b) Cross-Border Trade Finance
c) Personal Loans
d) Retail Banking Services
3. Who is the Country Head of Government, Multinational & International Business, Transaction Banking & Knowledge Units at YES BANK?
a) Ajay Rajan
b) Ketan Gaikwad
c) Amitabh Chaudhry
d) Shikha Sharma
4. In which city is the IFSC (International Financial Services Centres Authority) registered?
a) New Delhi
b) Mumbai
c) GIFT City, Gujarat
d) Bengaluru
Kindly share your responses in the comment section!!
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