DBS Bank India collaborates with HDFC ERGO and Atradius

DBS Bank India collaborates with HDFC ERGO and Atradius: DBS Bank (India) has collaboration with HDFC ERGO General Insurance Co Ltd and reinsured by Atradius (trade credit insurance provider).

October 2022 Current Affairs Quiz

Aim: To provide Credit Insurance – Accounts Receivable solution to Tata Metaliks (manufacturer of pig iron and DI pipes in India).

This credit insurance deal is amongst the first to leverage Trade Credit Insurance. The revised framework was rolled out by IRDAI in November 2021, that allow banks to participate in this proposition.