EXPORT FINANCING AT INDIA BANK (A)

Rupa Jaisingh looked outside of her third-floor office, situated in the middle of Pune’s Tilak Road: it was raining since morning today and gloomy weather outside reflected her mood. She was heading this Trade Finance Centre for over a year now, and under her the forex business has grown sharply. She had taken special care to increase non-fund business growth and has been successful in getting non-limit customers to avail of the bill discounting facilities offered by the bank. Export financing needs have increased substantially in the recent past: one of the major reasons for this was tariff woes leading to uncertainty in export orders, reduced margins, and pressures on export payment receivables.