Private sector lender ICICI Bank has revamped its online platform for export and import transactions.
“The upgraded version of Trade Online offers a digital banking platform to enable companies carry out most of their export-import transactions online, eliminating the need for physical documentation,” ICICI Bank said on Wednesday.
Services, including issue of letters of credit (LC) and bank guarantees, export and import collection bills, disbursement of export credit, and payments against imports, can be done on the platform.
It also includes specialised solutions such as ‘e-Softex’ for the software industry and e-LC facility for large exporters.
It is also the first digital banking platform to offer credit of inward remittance within minutes to the ICICI Bank current account of the recipient
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.