CURRENT AFFAIRS

Detailed explanation-1: -Trade Emerge is an ICICI Bank initiative to offer a one-stop-solution addressing needs of importers and exporters by ensuring requisite services are available under one roof.

Detailed explanation-2: -ICICI Bank launches online platform ‘Trade Emerge’ for Indian exporters and importers. ICICI Bank has announced the launch of an online platform, ‘Trade Emerge’, to offer comprehensive digital banking as well as value-added services to exporters and importers across India.

Detailed explanation-3: -Exim Bank was established by the Government of India, under the Export-Import Bank of India Act, 1981 as a purveyor of export credit, mirroring global Export Credit Agencies. Exim Bank serves as a growth engine for industries and SMEs through a wide range of products and services.

Detailed explanation-4: -Insta EPC: Exporters, having relationship with the Bank, will get the convenience of Export Packing Credit (EPC) instantly and digitally. This facility can be availed through Trade Online, the Bank’s flagship digital platform for export-import transactions.

Detailed explanation-5: -Mumbai: ICICI Bank today announced that it has launched India’s first comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country, including customers of other banks.