Study of Export Trade Financing in India with Particular Reference to Commercial Banks: Problems and Prospects
AbstractExports are instrumental in the development of an economy, particularly developing nations. The Indian Financial System, through commercial bank offer financial resources for promoting exports by providing both pre and post shipment finances. LERMS and Full –convertibility on trade account of Indian rupee have provided importers to export financing, so also the New Trade Policy, provides a Favourable climate for exports. The present paper spells out the role and share of commercial banks in export financing and issues in export financing i.e. aspirations and requirements of borrowers and discontentment of banks with the present regulation of export credit. The paper suggests for increasing the flow of bank credit to export sector, restructuring the interest rates. It also calls for a change in the attitudes of banks conservative and risk avers. The need for coordination between banks and financial institutions, role of EIGC in timely settlement of claims are impetus for a favorable export business. The stress is on introducing the new innovative services of counter trade, overseas borrowings, international factoring and banker’s acceptance for accelerating promotion of exports.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 47159.
Date of creation: 23 May 2013
Date of revision:
Publication status: Published in Finance India 1.8(1994): pp. 27-51
Export finance; India; Commercial banks;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- G2 - Financial Economics - - Financial Institutions and Services
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-04 (All new papers)
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