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Australian SME exporters can now save more on their logistics and supply chain management costs while receiving financial assistance from the State Bank of India (SBI). This is the good news from the State Bank of India (SBI) as it enters a new agreement with Australia's Export Finance and Insurance Corporation (EFIC).
Constrained bank lending slows down export activities to India
At present, India is one of the most important export markets for Australian SME exporters. However Willie McGee Jersey , the emerging market turmoil caused Australian banks to cut their lending to India by as much as 40% in the past years.
Alex Fernandez, EFIC’s head of Alliance & Product, SME, said,
'With a recent tightening in domestic lending to India Bob Gibson Jersey , many Australian SME businesses are struggling to access finance to fund their overseas activities in the country.
'This new collaboration will provide support to SME exporters operating in India, allowing them to take advantage of exporting opportunities and grow their business overseas.'
India's response to export funding constraints experienced by Australian SME exporters
The agreement between EFIC and the SBI makes it easier for Australian SME exporters with interests in the Indian market to secure the financial support they need to export to and operate. It provides a range of financial solutions helping Australian SME exporters to succeed with their business engagement in India.
Part of the financial solution provided by SBI includes:
Loans Guarantees Bonds Insurance products
With this offer of financial support, SBI is optimistic more SME exporters will proceed with their plans to engage business in India.
BRi as a reliable logistics and supply chain management partner for Australian exporters to India
Aaron believes that this is a great initiative for Australian Exporters. Further, he is excited to share his freight forwarding expertise to those wishing to export goods from Australia to India.,
"We are well positioned to help with the logistics of exporting goods from Australia to India. Our company owned infrastructure allows us to deliver multi-country distribution operations from anywhere around the globe. Talk to me at 1300 348 828. We are glad to help."
More about the State Bank of India
SBI is the largest domestic bank in India. It has 22% share of the domestic Indian banking market with the Indian Government as its major shareholder.
It has over 17 Stan Musial Jersey ,000 branches in India and another 190 offices in 36 countries across the world.
Learn more about the logistics and supply chain management solutions offered by BR International.
Mortgage Refinance: our Rate?
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The almighty interest rate is a very important number, and quite possibly the most important consideration for individuals who are searching for a refinance loan. There are many qualifying factors that ultimately determine the interest rate that you will get for your particular circumstances and resulting mortgage. Some major qualifying factors are your credit score, percentage of equity interest you will utilize in your home, loan term Ozzie Smith Jersey , and loan type. Most people are aware that the higher the credit score and the shorter the re-payment term, the lower the rate. Many people are not aware of how much rates can change depending upon how much available equity you are looking to refinance. For instance, suppose your home has an appraised value of $100,000.00 and you are looking for a loan of $80,000.00. Say that with all other qualifying factors considered St.Louis Cardinals Hoodie , you are quoted a 7.5% interest rate. You then change your mind and want to finance $100,000.00 and utilize all of the equity in your home. You are now quoted a 10% interest rate and feel a slight migraine coming on. Furthermore, you will be required to pay for mortgage insurance if you utilize a convent. Cheap Air Max ShoesCheap Asics Gel Nimbus ShoesCheap Asics Mens ShoesCheap Asics ShoesCheap Asics Kids ShoesCheap Womens Puma SuedeCheap Puma Platform BlackCheap Womens Puma SlippersCheap Puma Sneakers WhiteCheap Womens Puma Fenty