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Banks home in on SME business

With advances to the corporate sector slowing down, and in some cases even turning negative, small- and medium-size enterprises (SMEs) are emerging as the new darlings on Banking Street. Private and foreign banks are rushing to offer services ranging from...

#bank#banks#management

Local banks may tighten their approach to SMEs

Standard & Poor's Ratings Services said yesterday that it is maintaining a stable outlook on most Korean banks, as it…


Trade association calls on government to 'Clear backlog in...

The Kanara Small Industries Association (KSIA) has asked the Karnataka Government to take steps to provide adequate Budgetary support for…

#Clear#conference#crisis


Insurance giant granted brokerage licence in India

Marsh Inc., the world's leading risk and insurance services firm, announced that it has received an insurance brokerage licence from…


SSIs still starved of credit

Concerned with the inadequate availability of credit to the small-scale sector, Minister of Small Scale Industries, C P Thakur, said…

#bank#banks#Boost


Hong Kong bank urges China to keep yuan stable

The yuan isn't undervalued and China should stick to its policy for a stable yuan, according to Bank of China…


Merger of credit cooperatives to create third commercial bank

Shanghai is planning to create a third city commercial bank by merging more than 230 rural credit cooperatives according to…


SMEs seek a dedicated bank

The government should pave the way for opening of large fund-based private banks, specifically dedicated to small and medium enterprises…

#bank#banks#liquidity


ABN to provide US$80 m trade finance facility

The International Finance Corporation, (IFC), and ABN Amro signed an agreement to provide Pakistan with a US$80 million trade financing…

#ABN AMRO#bank#exports


Chamber of Commerce seeks Securitisation Act review

The Chamber of Commerce (PHDCCI), in its pre-Budget memorandum, has urged the Government to review the Securitisation Act, provide longer…

#conference#financial institutions#investment


Banks rush to expand lending to SMEs

Local banks, under pressure to scale back consumer lending to households and individuals, are scrambling to find alternative ways of…


Textile SMEs in line for increased credit

Buoyed by the opportunity for higher credit deployment in the small and medium enterprise-dominated textile sector, the National Small Industries…

Citibank to focus on SMEs through transportation funding

Citibank has bought out portfolios of over Rs 1,000 crore in the last 14 months from non-banking financial companies (NBFCs)…

#bank#banks#funding

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