Global Trade and FI Relations
Global Financial Institutions Division (GFID) is the Business Unit within Treasury Department responsible for developing and maintaining business relationships with Financial Institutions across the globe. GFID are the owners of Inter-Bank Relationships within Axis Bank and hold the responsibility for developing various business opportunities emanating from such relationships. GFID runs the entire international trade & commerce business within Axis Bank. The Division also promotes products manufactured by other Divisions/Departments within the Bank such as Treasury Products, CMS solutions, Remittances, Trustee services, Corporate Credit products etc to the Relationship Banks. Another area where GFID plays a facilitating role is in the foreign currency fund raising through various modes, including funding from Development Funding Agencies / Export Promotion Agencies in various countries such as JBIC, KEXIM, Hermes, US ECA etc. GFID also facilitates international trade and commerce for our Corporate Customers by ensuring that banks across the globe have adequate counter-party lines for Axis Bank to handle the trade related transactions backed by Axis Bank's Credit. GFID also participates in secondary market sale and purchase of bank risk through MRPA. The GFID is divided into the following three teams:
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FI Relations Team
FI Relations team is Axis Banks' Interface with other Global Financial institutions - Banks, Merchant Banks, development lending institutions etc. FI team supports the treasury and trade finance teams by establishing/maintaining relations with counterparty correspondent institutions and making sure that adequate two-way lines are set up commensurate with the engagement between the institutions. The team has dedicated Relationship Managers for different geographies who report to the Head of FI Relations. You can get in touch with your relationship manager as per your area/ geography of engagement:
| Name |
Role |
Landline (+91 22) |
Mobile (+91) |
E Mail |
| P. B. Prakash |
Head FI Relations & RM - Americas |
24255810 |
9769960061 |
p.prakash@axisbank.com |
| Yousuf Syed |
RM - MENA |
24255812 |
9820033394 |
yousuf.syed@axisbank.com |
| K. P. Sidheswaran |
RM - India |
24255826 |
9930905666 |
k.sidheswaran@axisbank.com |
| Mithun Saha |
RM - India |
24255818 |
9867339843 |
mithun.saha@axisbank.com |
| P. P. Manoj Menon |
RM - Europe |
24255815 |
9769032472 |
p.manojmenon@axisbank.com |
| Suresh S |
RM - SAARC & Sub-Saharan Africa |
24255817 |
9967044699 |
suresh.s@axisbank.com |
| Ashit Sharma |
RM - Asia Pacific |
24255818 |
9769236936 |
ashit.sharma@axisbank.com |
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Bank Risk Team
The Global Risk Team helps the GFID by offering the following services:
- Appraising Risk of Counter-Party Banks
- Setting Up of Exposure Limits on other Banks
- Provide research on Counterparty Banks
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International Trade Products
The International Trade Products team owns and offers the trade product facilities for Axis Bank and correspondent Bank customers. They ensure that your institutions' experience with us remains nice and smooth. The GFID products offered exclusively by the team are the following:
- Global Guarantee - Issuance of Guarantee against the SBLC/Counter Guarantee of foreign banks: We issue guarantees on behalf of a foreign corporate, to an Indian party on the strength of counter guarantee/SBLC of a foreign bank.
- Global Advise - Export LC Advising: LCs issued by foreign banks are advised through us to the exporter in India, who may or may not be our customer. In these transactions, our Bank does not have any liability/ exposure on the foreign bank.
- Global Confirm - Confirmation of Export LCs: LCs issued by foreign banks are confirmed through us to the exporter in India, who may or may not be our customer. In these transactions, our Bank takes an exposure on the foreign bank, for which we have counterparty limits on these banks, sanctioned by Committee of Directors/Senior Management Committee.
- Global Remit - Our clients can make Outward Remittances towards payment for imports and for other purposes guided by FEMA regulations. We have Vostro accounts with Our adequate drawing arrangements with a number of our correspondents. Remittances by way of DD / TT / Swift can be effected through any of our correspondents worldwide.
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