 "ECGC")
With a sharp rise in payout for claims from banks, Export Credit Guarantee Corporation Ltd’s will hike the premium it charges to lenders for insurance cover for credit to exporters. The upward revision will be bank-specific, taking into account claims behaviour.
Export Credit Guarantee Corporation Ltd’s (ECGC) payout for claims rose by 45 per cent at Rs 12.83 billion during the FY 2017-18, as against Rs 8.85 billion in 2016-17.
The claims from banks for defaults in gems & jewellery, cotton covering fibre, yarn and fabrics, Textile and Garments sector had the highest share in payout in Fy18. The level
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