The Hindu Business Line : Indian Bank to vend ECGC risk products

INDIAN Bank on Thursday signed an agreement with Export Credit Guarantee Corporation of India to distribute the latter's credit insurance packages for exporters.

ECGC's agreement with Indian Bank is its sixth such deal to use the banking network to distribute its products. Ms Geetha Muralidhar, General Manager at ECGC, said the company was expected to shortly sign up with Punjab National Bank to distribute its products.

Mr M.B.N. Rao, Chairman and Managing Director of Indian Bank, said the agreement allowed ECGC to reach customers through the bank's 177 branches spread across the country.

Explaining ECGC's motivation, Mr P.M.A. Hakeem, Chairman & Managing Director, said the agreements with banks complemented its business because they play an important role in promoting exports.

More Stories on : Public Sector Banks | Exports & Imports

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