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SME lending to double in 5 years, government urges...

Finance Minister P Chidambaram on Friday said the government has decided to double the (more…)

Global Trade Finance plans IPO

Exim Bank of India-promoted Global Trade Finance Pvt Ltd (GTF) proposes to (more…)

#bank#guarantees#international


Global Trade Finance pioneers non-recourse factoring in domestic market

Global Trade Finance Ltd. has introduced, for the first time in the country, a product that provides for domestic factoring…


Ministry of Justice to review factoring legal framework

The Ministry of Justice plans to revise the nation's lending laws that were crafted in 1896, updating them to accommodate…


Credit rating agency assigns A1+ rating to GTF debt...

The ratings are based on the strength and commitment of GTF's (more…)


SME bankruptcy figures tumble in 2005

The number of insolvent companies decreased sharply this year on strengthened efforts to improve their financial structures (more…)


“Factoring services yet to pick up in India” –...

According to G R Seshadri, managing director, Canbank Factors Limited, Bangalore (more…)

#bank#cash-flow#global factoring


FDI regulations for the finance industry

The government has committed itself to deciding on proposed FDI projects within 30 days, but foreign investors still complain that…

#bank#banks#financial services


Coface reaps the benefits of its Chinese linkup

Two years on from a landmark deal in China, trade credit insurer Coface is delighted with (more…)


Orbrich launch China’s first international factoring company

The country's first international factoring company, Binhai International Factoring Center, is to be set up in Tianjin Economic-Technological Development Area…

#bank#credit risk#exports


Government strategy aims to double credit to SME sector...

The Minister of State for Finance, SS Palanimanickam has announced a plan by the government to achieve a minimum annual…


Law change governing SME classification will benefit sector

The Small and Medium Business Administration (SMBA) has revealed that it is to amend the current legislation that allows subsidiaries…

#smes

Exim Bank extends credit to EADB to promote Indian...

Export-Import Bank of India (Exim Bank) has extended a second Line of Credit (LOC) of $5 million to the East…

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