Research TypeData SourcesResearch ApproachContact methodType & QuestionSample size| Case study method, descriptive,exploratory research, Analytical research Primary & Secondary dataSurvey of bank staff and exportersStructured QuestionnaireOpen ended Questions and close ended questions3 staff members and 20 exporters| Scope of study Scope of this project is limited to study of export finance operation of State Bank of India Satpur industrial area branch. Limitations of the study: 1. As most of the information is not revealed by the bank officers, whatever suggestions generated, are based on certain assumptions. 2.
The information provided by the respondent (exporter) may not be authentic. 3. Sometimes the respondent (exporter)does not want to disclose some relevant information. 4. Since my study was only highlighting on SBI, I couldnt concentrate or generalize result of other banks Findings 1. Export Finance is a very important branch to study & understand the overall gamut of the international finance market. 2. Availability of favorable Export finance schemes directly impacts the local trade, encourages exporters, enlarges markets abroad, improves quality of domestic goods and overall helps the nation boost its exchange earnings. . SBI norms for providing loans are flexible & it may differ from case to case. 4. State bank of India always tend to make available finance for the existing customers (who are exporters) ,who has a good track record and who are in banking relations with state bank of India since a long period, this is done basically to avoid the risk of bad debts and non performing assets. Recommendations 1. Bank employees should bring more professionalism in their attitude while dealing with customers to retain and attract more customers. 2.
Case Study/Labor Management & Collective Bargaining A. Name of the Union and the Occupation Covered -The Boston Police Union #16807 of the AFL -The occupation covered is the police officer. B. Issues covered in the contract. -present hours -wages -working conditions C. Problems in the case study -inadequate wages -excessive hours -new police officers were payed the same as old police officers ...
The staff in export finance division of SBI Satpur branch seems always to be overburdened, hence there is a need to appoint at least one officer in the department. 3. All the nationalized banks including SBI should try to improve their service level to face the stiff competition given by private banks. 4. Banks should reduce the time length between sanction and disbursement of loan. 5. The bank preferably provides export finance to existing customers, so they may therefore approach and acquire new customers in order to increase the business. Conclusion based on work It is boom time for those working in the financial sector.
There are opportunities galore in finance and more will come in the next few years so finance is exciting is exciting both as a subject and a career option with the greater expansion of the global economy. Finance management is the backbone of any organizations and hence yields a number of job options ranging from strategic financial planning to sales. Conclusion based on learning benefits The study at SBI gave a vast learning experience to me and has helped to enhance my knowledge. During the study i learnt how the theoretical financial analysis aspects are used in practice during the export finance operations.
I have realized during my project that a credit analyst must own multi-disciplinary talents like financial, technical as well as legal know-how. I also undertook additional assignment other than export finance ie mobile banking which also helped me to learn about another segment of banking. CHAPTER 1 INTRODUCTION 1. 1 Introduction to Export 1. 2 Introduction to Export Finance 1. 1 INTRODUTION TO EXPORTS Trade is the exchange of goods and services between a purchaser and a seller. If the seller and purchaser are the residents in the same country and purchases and sells goods and services then such business is called as Inland trade.
Throughout the years from 1500 to the early twentieth century the world saw many examples of European expansion. Many European countries shared the same motives for expansion while others were interested in it for different reasons. The main motive for expansion shared by most European countries was economic prosperity. Great Britain, the Netherlands and Spain were the main leaders in the ...
But when the residents of two or more different countries do the transaction of sales and purchase of goods and services, such trade is said to be foreign trade. foreign trade is of paramount importance for all the countries for their economic growth and provides a better quality of life to its citizens. It is also called as International trade. The foreign trade is of two types Exports Imports If the seller is abroad(across the border) and the buyer is in the home country, trade is known as Import trade, while when the seller is in the home country and the purchaser is abroad, the trade is known as Export.
What is import for one country is export for another country and vice versa. The foreign trade of a country refers to its exports and imports of merchandise from and to other countries under a contract of sale. No country in the world produces all the commodities it requires. On the contrary, a country may produces more of those commodities , in the production of which it has a greater or comparative advantage, and may not produce or may produce smaller quantities of those in the production of which , it has a greater or comparative disadvantage.
The commodities which a country produces at an advantage it exports, while those in producing which it has a greater disadvantage, it imports. This comes under an economic term called as Law of Comparative Cost or Advantage. Further the price at which goods are traded between two countries depends on the extent and sufficiency of demands for the goods to be imported and exported; this is expressed in economic terms as the Law of Reciprocal Demand. Export in simple words means selling goods abroad.
International market being a very wide market, huge quantity of goods can be sold in the form of exports. Export refers to outflow of goods and services and inflow of foreign exchange. Export occupies a very prominent place in the list of priorities of the economic set up of developing countries because they contribute largely to foreign exchange pool. Exports play a crucial role in the economy of the country. In order to maintain healthy balance of trade and foreign exchange reserve. It is necessary to have a sustained and high rate of growth of exports.
... countries. The authors also conclude that regional cooperation through FTAs such as SAFTA could lead to higher volume of trade in goods and services ... and Nepal’s imports. For every USD 100 worth of new export trade almost USD 78 would accrue to India, whereas share of ... an ideal location for huge foreign direct investments, which can serve as a huge market for goods and services in the South Asia. ...
Exports are a vehicle of growth and development. They help not only in procuring the latest machinery, equipment and technology but also the goods and services, which are not available indigenously. Exports leads to national self-reliance and reduces dependence on external assistance which howsoever liberal, may not be available without strings. Exports plays a very crucial role and are given utmost priority in the foreign trade policy of any country , particularly in developing countries.
Indian economy being one such, is attaching great importance to promote exports. Though India’s export compared to other countries is very small, but one of the most important aspects of our export is the strong linkages it is forging with the world economy which is a great boon for a developing nation like India. 1. 2 INTRODUCTION TO EXPORT FINANCE The nature has distributed all its resources evenly on globe. What is available easily in plenty in one place is scarce , not available or difficult to obtain in another place.
This has resulted in a global environment of interdependency, giving rise to international trade, which may extend to cover commodities, services, other resources including movement or mobilization of funds (cross border capital movements).
The growth of international trade in commodities ,services and resources necessitates a mechanism for payment or transmission of values of commodities , services other resources from one country to the other and also for the conversion of currency of one country into that of other country , which can be best effected through banking channels spread across ountries. Such function of banks which extends to transactions taking place in other countries has come to be known as Cross Border Banking Functions. The cross border banking includes financing the movement of goods and services across the borders or financing the foreign trade and includes Export Finance and Import Finance. The International trade is based on the comparative advantage arising out of differences in resources, costs, demand and supply, and technology between countries. The comparative advantage refers to the relative and not absolute efficiency of producing goods and services.
The Essay on Relevance of the Abundance of Natural Resources in U.S. Compared to Countries without Natural Resources
Historians traditionally considered abundance of natural resources as the direct cause of industrial revolution and economic success in the U.S. However, the bright example of Japan suggests that the presence or absence of natural resources is not the determining factor driving economic stability and prosperity among industrial states. In reality, American economic successes stretch far beyond the ...
Countries engage in foreign trade ,ie export and import of goods and services due to the differences in relative efficiency of production. Credit and finance is the life and blood of any business whether domestic or international. It is more important in the case of export transactions due to the prevalence of novel non-price competitive techniques encountered by exporters in various nations to enlarge their share of world markets. The selling techniques are no longer confined to mere quality; price or delivery schedules of the products but are extended to payment terms offered by exporters.