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of <h1>Banks Allowed to Offer Export Factoring Services to Boost Exporters' Cash Flow Under FEMA Guidelines.</h1> Authorised Dealer Category - I banks are now permitted to offer export factoring services on a non-recourse basis to improve exporters' cash flow and working capital, following recommendations by a technical committee. Banks can independently decide on such arrangements, ensuring clients are not over-financed and that invoices represent genuine trade. The export factor must coordinate with the import factor for credit evaluation and payment collection, and note payment instructions on invoices. Factored invoices should be reported in the RBI's Export Data Processing and Monitoring System. KYC and due diligence on exporters are mandatory, and these guidelines are issued under the Foreign Exchange Management Act, 1999.
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