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. Under the Trade Assistance Programme, India Exim Bank aims to facilitate and enhance India’s exports globally by providing credit enhancement to trade instruments.
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.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the various business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.
