Q. Recently, which Indian bank conducted the first export finance transaction on RXIL’s ITFS platform?
Answer: YES Bank
Notes: YES BANK became the first Indian bank to conduct an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited. This collaboration is a significant step for YES BANK in digitization and cross-border business. The partnership allows for the arrangement of credit for exporters and importers from Indian and global institutions through Factoring, Forfaiting, and other trade financing services.