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ECGC identifies factoring as key business growth area

Export Credit Guarantee Corporation of India Ltd (ECGC), now beefed up with a higher equity base, has identified factoring services as a key future business growth area for the organisation. Labelled as ‘maturity factoring’, ECGC's new instrument is a slightly...

#bank#exporters#exports

Government will give importance to SME sector

The Kerala Government will give equal importance to the development of the small- and medium-sized enterprises (SMEs) as to other…

#investments#smes


AllBank in pact to sell ECGC products

The Export Credit Guarantee Corporation (ECGC), which offers credit insurance protection to exporters has entered into a bancassurance agreement with…

#bank#banks#exporters


New money-laundering attack

The Ministry of Finance and Economy is trying to suppress money laundering by strengthening the powers of the Korea Financial…


New credit insurance schemes for emerging export streams

ECGC Ltd is now in discussions with various trade organisations, software exporters as well as Nasscom (National Association of Software…


Tax service gets tough on fake invoices

The National Tax Service is stepping up efforts to stamp out the trade in fraudulent invoices, which some traders use…

#fake invoices#trade


Euler Hermes signs a cooperation agreement with SINOSURE

In order to expand its presence in the Chinese market the Euler Hermes Group has entered into a cooperation agreement…


Banks not fully equipped to lend to small-scale sector...

Reserve Bank of India has said that banks are not fully equipped to promote small-scale enterprises and asked them to…

#bank#exports#risk


Foreign banks licenced for yuan transactions, one to start...

Chinese financial authorities granted licences to four foreign banks on Friday, allowing them to carry out transactions in yuan directly…

#bank#banks


Exim Bank of India to tie-up $75m credit lines...

Export and Import Bank of India (EXIM) is to tie-up credit lines worth $75 million with five African and central…


Economy heading towards recovery

The South Korean economy is showing signs of recovery, including strong exports and positive expectations from large businesses, according to…

#bank#exports#GDP


FAPCCI and SIDBI offer training for new exporters

The Federation of Andhra Pradesh Chamber of Commerce and Industry (FAPCCI) in association with Small Industries Development Bank of India…

#bank#exporters#exports

State Bank of India close to finding partner

The State Bank of India (SBI) is close to completing a search for strategic foreign partners for its factoring, asset…

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