Trade Finance
Latest news, explainers and analysis on Trade Finance. Tracking 2 stories on Arth Vani.
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Latest on Trade Finance
IndiGo Financing Offers Export Credit Support from GIFT City
IndiGo Financing has established a new branch at Gujarat International Finance Tec-City (GIFT City) to provide export credit support. This move aims to facilitate international trade finance for Indian businesses operating globally.
BreakingNew Rules: Banks to Verify Cross-Border Payments, Track Export Dues from October 1
Starting October 1, Indian banks will face new compliance requirements for overseeing cross-border payment transactions. They must verify the validity of service contracts and foreign entities involved, and also track export revenues and handle overdue export bills. These measures aim to curb money laundering and suspicious trading practices in service imports and exports.
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