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South Korean banks to adopt electronic letters of credit

South Korean banks agreed to participate in local electronic letter of credit services from July to help small- and mid-size firms conduct transactions, said the Ministry of Commerce, Industry and Energy. At an e-Trade platform meeting held in Seoul, ministry officials,...

#bank#international#International Trade

Bourse for SMEs celebrates its first birthday

A year ago, when the Shenzhen Stock Exchange launched its second bourse especially for China's small- and medium-sized enterprises (SMEs),…


SIDBI plans rating agency for SME sector

Small Industries Development Bank of India (SIDBI) is planning to set up a credit rating agency for the small- and…

#bank#conference#international


SMEs to get special fund in budget

The government has decided to introduce a new programme in the budget for 2005-06 to offer a special funding for…

#exports#funding#GDP


RBI told to withdraw circular on credit flow to...

The internal group, reviewing the guidelines on credit flow to the small and medium enterprises sector, has recommended that the…


Coface to sell export credit insurance in Japan

French credit insurance group Coface has announced that it plans to begin selling export credit insurance in Japan, (more…)


Sidbi ties up with global bodies for revamping SMEs

The Small Industries Development Bank of India (Sidbi) has finalised an agreement with two European development agencies - DFID of…

#bank#guarantee#international


Government lowers SSI export obligation

In order to enhance the competitiveness of the Small Scale Industries (SSI) engaged in exports, the Central government has lowered…

#exports#trade


Bill seeks to extend progressive credit facilities to SMEs

The government today introduced the Small and Medium Enterprises Development Bill, 2005, in the Lok Sabha, seeking to enhance the…

#bank#investment#management


New HSBC CEO in China

Richard Yorke, deputy chief executive China Business of The Hongkong and Shanghai Banking Corporation Limited (HSBC), has been appointed chief…


Exim Bank loan disbursement up 64% in 2004-05

Loan disbursement by the Export Import Bank of India rose by 64 per cent to Rs 11,435 crore in 2004-05,…

#bank#bank loan#Exim Bank


Senior executive appointment in Mainland China

Dicky Yip, chief executive China Business of The Hongkong and Shanghai Banking Corporation Limited has been appointed vice president of…

China central bank will not set up policy banks...

The central bank will not set up new policy banks to lend to small- and medium-sized enterprises (SME) and commercial…

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