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RBI asks banks to regularly review export credit limit

Last Updated: Wednesday, September 25, 2013, 18:16

Reserve Bank Wednesday asked banks to review the export credit limit on a regular basis to help insulate exporters from rupee fluctuations.

India's market diversification strategy showing results: Sharma

Last Updated: Thursday, September 19, 2013, 21:13

India's market diversification strategy of reaching out to newer vistas in Asia, Africa and Latin America is beginning to show positive results, Commerce and Industry Minister Anand Sharma has said.

Commerce Ministry wants exports included in priority lending

Last Updated: Thursday, August 29, 2013, 15:24

The Commerce Ministry has asked the Finance Ministry to include export credit in priority sector lending of all banks to boost overseas sales.

RBI announces swap facility for expansion of export credit

Last Updated: Monday, January 14, 2013, 22:40

With an aim to help the country's exporters get better credit, the RBI Monday announced a special scheme to allow banks refinance their export credit positions through a dollar-rupee swap facility of up to USD 6.5 billion.

Weak rupee to boost export, import substitution: Credit Suisse

Last Updated: Monday, August 13, 2012, 20:43

Fall in rupee is likely to bring opportunities for the domestic economy by boosting exports and substitution of import in the near future, a Credit Suisse report said.

Export credit enhancement unlikely to ease liquidity: Experts

Last Updated: Monday, June 18, 2012, 21:02

Contrary to the Reserve Bank's claim that increasing the export credit refinance (ECR) limit to 50 percent from 15 percent will infuse more funds into the system to the tune of over Rs 30,000 crore, experts believe that the move will have little impact on the liquidity scenario.

RBI eases norms for export credit flow; says weak Rupee to help

Last Updated: Monday, June 18, 2012, 12:27

While relaxing norms to enhance credit flow to exporters, the Reserve Bank Monday said the sliding rupee will benefit exports that have been hit by demand slowdown in developed nations.

Ceiling rate on overseas export credit extended till Sept: RBI

Last Updated: Monday, April 02, 2012, 14:31

With tight liquidity conditions and widening of credit spreads due to recent developments in international markets, the Reserve Bank Monday said it has extended the ceiling rate on export credit in foreign currency by banks for another six months.

RBI asks banks to appoint nodal officers to boost exports

Last Updated: Tuesday, February 28, 2012, 23:21

The Reserve Bank has asked banks to appoint nodal officers for boosting export credit and promote overseas shipments, a senior official of the central bank said Tuesday.

SBI ties up with ECGC to de-risk export credit portfolio

Last Updated: Wednesday, November 02, 2011, 00:18

In the run-up to meet the Basel-III norms, nation's largest lender State Bank of India (SBI) Tuesday said it has de-risked its Rs 30,000 crore export credit portfolio by entering into a tie-up with Export Credit Guarantee Corporation (ECGC).

RBI unveils cheaper credit for exporters

Last Updated: Tuesday, October 11, 2011, 18:30

The Reserve Bank on Tuesday announced 2 percent interest subsidy on Rupee export credit to the labour-oriented and small scale sectors to cushion them from slowdown in the major markets like the US and Europe.