Yes Bank becomes the first Indian bank to transact export funds on RXIL's ITFS platform
Banking & Finance
In a groundbreaking move, YES BANK has become the inaugural Indian bank to execute an export finance transaction on RXIL Global IFSC Limited’s International Trade Financing Services Platform (ITFS). The collaboration marks a significant stride in digitization and cross-border business for YES BANK.The platform, registered under the International Financial Services Centres Authority (IFSCA), offers a digital avenue for arranging credit through Factoring, Forfaiting, and other trade financing services at competitive rates with swift processing. This historic transaction is the first of its kind on the ITFS platform in conjunction with any bank in India.
This collaboration will help both Indian and global exporters and importers resolve fraud, seizure and other trade issues through the platform.
This collaboration is in line with the Government of India's goal of making India a global trade finance superpower.
ITFS is a financial center for the full range of international financial services at regional and global levels.
Managing Director (MD) and Chief Executive Officer (CEO) – Prashant Kumar
Headquarters – Mumbai, Maharashtra, Established – 2004, Tagline – Experience Our Experiences
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