India steps in with Rs 497 crore insurance, freight support for West Asia-bound exportsIndia is stepping up support for its exporters. A new Rs 497 crore scheme, RELIEF, will provide insurance and financial aid. This aims to c...
Piyush Goyal meets bankers on export credit to MSME exporters aiming to achieve $1 trillion merchandise exportsThe meeting was attended by the top officials of 21 banks which included the SBI, Bank of Baroda, Punjab National Bank, Canara Bank, Union ...
Piyush Goyal asks banks to ensure enhanced, affordable credit to MSMEsAt a meeting convened by the ministry on June 28, to discuss ways of enhancing the availability of export credit to MSME exporters, Goyal a...
Exporters with credit limit of up to Rs 50 cr set to get 90% insurance cover: ECGCIndia’s Export Credit Guarantee Corporation (ECGC) has increased its insurance cover for exporters with a credit limit of up to Rs 50 crore...
ECGC IPO likely to be pushed to next fiscal amid volatilityThe initial public offering (IPO) of state-run ECGC, India's largest export credit insurance firm, is likely to be postponed to the next fi...
ECGC withdraws coverage for shipments to Russia; huge setback for exportersECGC in a communication said "based on the near-term commercial outlook, it has been decided to modify the country risk classification of R...
Cabinet okays Rs 4,400 crore infusion in ECGC, its listingThe government said the capital infusion and planned IPO will increase ECGC's underwriting capacity up to ₹88,000 crore and facilitate addi...
Cabinet approves listing of ECGC, capital infusion of Rs 4,400 croreThe Union Cabinet on Wednesday approved capital infusion of Rs 4,400 crore in the state-owned Export Credit Guarantee Corporation (ECGC) an...
Export boost: Cabinet approves ECGC listing on bourses, Rs 4,400 cr capital infusionECGC Limited is a wholly-owned CPSE of the government of India and provides insurance covers to banks against risks in export credit lendin...
Cabinet approves listing of ECGC, capital infusion of Rs 4,400 crThe government will inject Rs 4,400 crore in the ECGC over a period of five years beginning 2021-22, said Commerce Minister Piyush Goyal to...
Strengthen ECGC to promote export finance: Nirmala SitharamanECGC, wholly-owned by the central government, was set up with the objective of promoting exports by providing credit risk insurance.
ECGC to review Ukraine's rating for export credit insuranceState-owned Export Credit Guarantee Corporation of India (ECGC) may review its rating to Ukraine following the crisis in that country, a to...
ECGC to introduce specialised products for medium, small and micro enterprisesExport Credit Guarantee Corporation Ltd, is having plans to introduce new products targeted at MSMEs, informed N. Shankar.
India's market diversification strategy showing results: Anand SharmaIndia's market diversification strategy of reaching out to newer vistas in Asia, Africa and Latin America is beginning to show positive res...
- IT bigwigs run for credit-risk cover
IT & IT-enabled cos have taken a fast move to insulate themselves from payment risks as bank failures in the US are still on rise. Year on,...
- Bank of Maharashtra in insurance tie-up with ECGC
Public sector lender Bank of Maharashtra on Wednesday entered into a tie-up with Export Credit Guarantee Corporation (ECGC) of India for di...
- BoB inks pact with ECGC
Public sector lender Bank of Baroda (BoB) has signed an agreement with Export Credit Guarantee Corporation of India (ECGC), for distributin...