As part of its attempts to keep pace with the rapidly changing scenario in the financial sector, the Indian Institute of Bankers (IIB) has drafted a variety of programmes to provide professional education in order to develop professionally qualifi
Global Trade Finance Pvt Ltd, the factoring joint venture company of Exim Bank of India, WestLB (Westdeutsche Landesbank Girozentrale) of Germany and IFC, Washington, is expected to begin operations in the next ten days.
Westdeutsche Landesbank Girozentrale (WestLB), Germany and Export-Import Bank of India (Exim Bank) have joined forces to form a joint venture in India called Global Trade Finance Private Limited (GTF), in which International Finance Corporation is
India’s largest player by market share, Canbank Factors, will be launching their new export factoring service today in Bangalore. Domestic factoring currently accounts for 95% of factoring volume in India.
The German based bank West LB are planning the launch of a new export factoring service in India, where they believe there is a great deal of market potential.
The Indian Prime Minister, Atal Behari Vajpayee, has told his party that “all of us should realise that globalisation is an irreversible phenomenon.
SBI Factors is looking for certain regulatory changes to ensure that factoring takes off in a major way.
Canbank Factors achieved a turnover of Rs. 1,000 Crores in 1999-2000 and expect growth of 25-30% in the coming financial year. The domestic factoring market in India is in its infancy and thus the growth potential is enormous.
