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What is ECGC in banking?

Updated: 9/21/2023
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11y ago

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its plays an important role in export and import of goods and services ex

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Q: What is ECGC in banking?
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What is ECGC?

ECGC IS Export Credit Guarentee Corporation of Inda.It funtions under Minstery Of Commers and Industry and managed by Bord of Directors


Long form of ECGC?

Export Credit Guarantee Corporation of India Limited


What are the risk covered by ECGC?

What is ECGC? Export Credit Guarantee Corporation of India Ltd. ( ECGC ) is a Government of India Enterprise which provides export credit insurance facilities to exporters and banks in India. It functions under the administrative control of Ministry of Commerce & Industry, and is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking , insurance and exporting community. Over the years, it has evolved various export credit risk insurance products to suit the requirements of Indian exporters and commercial banks. ECGC is the seventh largest credit insurer of the world in terms of coverage of national exports. The present paid up capital of the Company is Rs. 1000 Crores and the authorized capital is Rs. 1000 Crores.ECGC is essentially an export promotion organization, seeking to improve the competitive capacity of Indian exporters by giving them credit insurance covers comparable to those available to their competitors from most other countries. It keeps it's premium rates at the lowest level possible.. What does ECGC do?Provides a range of credit risk insurance covers to exporters against loss in export of goods and servicesOffers Export Credit Insurance covers to banks and financial institutions to enable exporters to obtain better facilities from themProvides Overseas Investment Insurance to Indian companies investing in joint ventures abroad in the form of equity or loanhttp://www.ecgcindia.in/en/Pages/ECGCAPOverview.aspx?qstrSelVal=Overviewhttp://playquiz2win.com/tothepoint.html


How does international banking differ from domestic banking?

There is a difference between international banking and domestic banking. International banking is banking among different countries. Domestic banking is banking among one country.


Difference between chain banking group banking?

Difference between chain banking group banking?


What is postal banking?

postal banking is the sysem of banking faster system to develop to the banking process.


What is the meaning of Banking and non banking institutions?

A banking institution is required to have a full banking license and is supervised by a banking regulatory agency. Non-banking is a financial institution that does not have these requirements.


What is mobile banking and internet banking?

Mobile banking is when you do banking from a mobile device such as a cellphone, iPod, or iPad. Internet banking is when you bank from a computer.


What is net banking and core banking?

Core banking refers to banking services provided by a network of branches. Internet banking is the ability to complete banking transactions from your home using your computer.


Is consumer banking same as retail banking?

Yes, consumer banking is basically the same as retail banking.


What is consumer banking?

consumer banking is same like retail banking.


What is the difference between corporate banking and wholesale banking?

There is no didderence as such! Corporate Banking fall under wholesale banking.