#1
24th February 2016, 07:59 AM
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ECGC Bank Meaning
hii sir, I wants to know about the ECGC Bank will you please provide me some information about the ECGC Limited ?
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#2
24th February 2016, 08:00 AM
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Re: ECGC Bank Meaning
The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Records of the ECGC : Largest credit limit Rs.80 Crores Largest claim paid Rs.120 crores Quickest claim paid 2 days Highest compensation-Iraq Rs 788 Cror Key roles of ECGC: Provides a range of credit risk insurance covers to exporters against loss in export of goods and services as well. Offers guarantees to banks and financial institutions to enable exporters to obtain better facilities from them. Provides Overseas Investment Insurance to Indian companies investing in joint ventures abroad in the form of equity or loan. For Exporters : Offers insurance protection to exporters against payment risks Provides guidance in export-related activities Makes available information on different countries with its own credit ratings Makes it easy to obtain export finance from banks/financial institutions Assists exporters in recovering bad debt Provides information on credit-worthiness of overseas buyers |
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