CanAx Forex Consultancy Get in touch
CEO Services Why CanAx We Support Important Links Contact

Consultancy & training

End-to-end guidance on banking, trade and forex.

We work with corporates on exports, imports and cross-border finance — and with banks on training, documentation and desk readiness.

Get in touch See what we do

At a glance

Practice
Banking, trade & forex advisory
Led by
Seasoned banker
Background
Finance, Investment & Risk Mitigation
Experience
37 years in banking

Who are we?

We are here to educate and guide customers on the facilities available to them from the banking system, the Government of India and State Governments. We train corporate teams on preparing the documents that banking transactions require, and we resolve the queries raised by their bankers and by regulators through direct, personal interaction.

Overall, we provide end-to-end guidance and services across day-to-day banking activity.

Message from the CEO's Desk

M K Kadaiah, Founder and Chief Executive

M K Kadaiah

Founder & Chief Executive

BSc CAIIB CTF DTIRM

A seasoned banker, now on your side of the table.

Thirty-seven years of banking across foreign exchange, treasury and domestic banking — around twenty years at Canara Bank and seventeen at Axis Bank, of which more than twenty-five were spent in leadership roles, maintaining a culture of ethics and compliance throughout.

The work has always come down to reading a regulation closely and interpreting it without diluting what it says. I resolve the queries that banks and regulators raise, frame policy to match the regulation behind it, prepare standard operating procedures, and set out end-to-end workflows.

I provide immediate solutions to the problems that come up in day-to-day banking operations. I write and I teach, and I keep up with the systems this work now runs on.

Experience

  • Canara Bank
  • Axis Bank
  • CanAx Forex Consultancy

Services

Banking products & services.

We handle preparation of loan applications to banks; guidance on foreign exchange transactions covering exports, imports, inward and outward remittance, guarantees, letters of credit, external commercial borrowings, foreign direct investment and overseas direct investment; vetting of letters to be submitted to the Reserve Bank of India; and training for corporates and for bankers.

For corporates

Exporters · importers · finance teams

Export

Finance at both ends of the shipment, and the miscellaneous approvals that most exporters have never been walked through.

Pre-shipment finance

  • Packing credit in rupees
  • Packing credit in foreign currency

Post-shipment finance

  • Purchase and discounting of export documents under confirmed order
  • Negotiation of export documents under letter of credit
  • Post-shipment demand loans against bills sent on collection
  • Export bill purchase and discounting in foreign currency
  • Advance against export incentive receivables

Miscellaneous services

  • Remittance of agency commission and export claims
  • Reduction of invoice value, net off, set off, write off
  • The dry area where exporters most need proper guidance

Imports

Paying the supplier on correct terms, with the evidence the bank will ask for.

  • Import bill collection
  • Advance remittance against import
  • Import letter of credit
  • Foreign inward direct bill (open account)
  • Merchanting trade

Foreign Remittances

Inward and outward, on the correct route and the correct form.

  • Inward remittances against export of goods and services
  • Outward remittances against import of goods and services
  • Supporting documentation and purpose codes

Capital Account

Money crossing the border as capital rather than trade, reported on time.

  • External Commercial Borrowings (ECB)
  • Buyer's credit
  • Foreign Direct Investment (FDI)
  • Overseas Direct Investment (ODI)
  • Opening of Branch, Liaison and Project Offices in India by foreign entities

Risk Management

Advisory for exporters and importers on mitigating risk on their foreign currency exposure, through a simple instrument: the forward contract.

Loan Applications & RBI Correspondence

Putting the paperwork in front of the bank and the regulator in a form that holds up.

  • Preparation of applications for availing loans from banks
  • Vetting of letters to be submitted to the Reserve Bank of India

Training for Corporates

Vast experience training corporate teams on banking products and services, specifically on documentation and regulation.

  • Transaction-wise document preparation
  • Matched to regulation and to the bank's internal guidelines

For banks

Training · staffing · documentation

Training for Bankers

A seasoned team teaching everyone from entry-level staff to executives, across all banking products and services.

  • Vast experience with internal staff and external bankers
  • Delivered across India

Recruitment for Banks

We hire against the bank's indent and train each candidate for ten days on the desk activities they are being placed into.

  • Candidates arrive ready for the desk
  • Other agencies place staff who need a month or more to understand it

Manual & Desk Card Preparation

Manuals of instruction built from the regulation and the bank's own internal instructions.

  • Product-wise desk cards drawn from the manual
  • Covers the activities of a single desk
  • Gets new staff working on temporary or permanent postings

Training Material Preparation

Training material for every product and service the bank offers.

  • Book-form material
  • Presentation decks

Why choose CanAx?

Depth across the whole system

An experienced team with in-depth knowledge of banking, the financial system, trade, forex and treasury.

Regulation read as written

We interpret the rule without diluting what it says, and resolve the queries banks and regulators raise.

Both sides of the counter

We train corporate finance teams and bank staff alike, so the documentation works for everyone handling it.

We support

Canara Bank Canara Bank
HDFC Bank HDFC Bank
Ujjivan Small Finance Bank Ujjivan Small Finance Bank

Currency Converter

A quick conversion at published reference rates.

1,000.00 USD

—

Fetching the latest published rate…

Reference rates published once each working day by the European Central Bank. Indicative only — the rate your bank deals at will differ.

Contact

Start with a conversation

Call or write with what you are dealing with, and roughly how much cross-border business you do in a year. The first conversation is thirty minutes and costs nothing.

Call or WhatsApp +91 95603 96986 Mon – Sat, 9:30 – 18:30 IST Email kadaiah@canaxforex.com Attach the documents if it helps
Office
Bangalore, India
Registration
Registered under Udyam