News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 20 years ago
Rediff.com  » Business » India one of 6 key markets: ABN Amro

India one of 6 key markets: ABN Amro

Source: PTI
March 08, 2004 19:42 IST
Get Rediff News in your Inbox:

The Netherlands-based ABN Amro Bank NV has identified India as one of the six key markets for its working capital services.

"We have identified India, China and Taiwan in Asia and Brazil, Turkey and Russia as other three markets for our working capital services," ABN Amro Bank country head working capital Rohit Karan Sawhney told newspersons.

The bank has also doubled its sales, business and product management team to 30 last year, while the strength of back-end workforce stood at 400, he added.

ABN Amro brought together the full range of foreign exchange, cash flow, trade and liquidity advisory capability to create the working capital services.

Sawhney said this service has received an encouraging response post its relaunch six months ago.

The bank was also planning to introduce vendor financing in 2004 and the interest rates would be linked to various aspects like the amount and tenor, he said.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!