Question : Which Bank has recently launched online platform(Trade Emerge) to help Indian exporters ?
a. ICICI Bank
b. Axis Bank
c. HDFC Bank
d.Karnataka Bank
Ans. a.
Related facts —
- ICICI Bank has recently(November 2021) announced the launch of an online platform(Trade Emerge) to offer digital banking and value-added services to exporters and importers across India.
- It is launched to make cross border trade hassle-free and convenient, as it eliminates the need for companies to coordinate with multiple touchpoints.
- The list of banking services it include is current/saving account offerings, comprehensive trade services (Letter of Credit, Bank Guarantee,Trade Credit etc.), Corporate Internet Banking and Trade Online, foreign exchange solutions, payment and collection solutions and credit cards.
- The value-added services include incorporation of trade business, access to global trade database of nearly 15 million buyers and sellers across 181 countries, verification reports of potential customers through reputed credit bureaus, logistics solutions for shipment booking and last mile tracking, and insurance services like marine insurance all available online through a single window.
- Above mention services would be offered through partners with expertise in their fields.
- The portal also enables exporters and importers to avail various insurance policies to protect their business, which are provided in association with ICICI Lombard.