Exim Bank to look at new markets

Export-Import Bank of India(Exim Bank)is planning to conduct in- depth research on countries in Africa and Latin America to help Indian businesses explore trade and investment opportunities there.This move comes in the wake of slowdown in the country's exports to the recession-hit Western economies.
The Development Financial Institution (DFI)says its proposed country studies will go a long way in helping Indian companies venture into non-traditional markets for exports and investments.'While information on Western economies is easily available ,the same is hard to come by in the case of Africa and Latin America.The DFI is planning to conduct detailed research on these two countries so that indian companies can use it to make informed decisions on tapping these markets for exports or for making investments',said Mr TCA Ranganathan,Chairman and Managing Director,EXIM Bank,at a press meet (BL 08052010)

Banks will extend insurance to 'all' villages in Karnataka

Commercial banks in Karnataka are planning to extend insurance and other banking services to targeted beneficiaries to all villages with a population of over 2000.The banks have prepared financial inclusion plans(FIPs)to provide banking facilities to all villages by way of a regular brick and mortar branch or using information and communication technology through banking correspondent(BC)model.These services will be provided using appropiate technology back up.In this regard ,all banks have submitted their board approved FIPs as directed by RBI.The banks will meet the target of March 2012 set by the government of india for providing banking facilities to all villages with 2000 and above population,Basant Seth, chairman and managing director,Syndicate Bank and convenor,SLBC,said.(BS 08052010)