UK signs first US state-level agreement with Indiana; PBF extends RCF, availability rises to $4.3bn; Indian DFI to start operations in next quarter;

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The UK has signed its first state-level trade and economic development MoU with Indiana in the US

• The National Bank for Financing Infrastructure and Development, one of the key initiatives of the Indian government to fund long-term infrastructure projects, is set to commence operations in the second quarter of this fiscal year.

• Australia's Grow Finance has appointed David Keeling to the newly created position of senior partner within the structured finance and payments division.

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