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The Reserve Bank of India wants to see more enthusiasm in setting up factoring businesses and plans to revise the definition of ‘sick units’. The Reserve Bank of India said on Saturday that despite the passage of the Factoring Bill, not...
#bank#factoring regulation#regulation
The Factoring Regulation Bill allows any Indian company as a non-banking finance company, to commence Factoring by obtaining registration from…
Two providers of IT solutions for transaction banking and payments, will jointly offer electronic financial supply chain services (more…)
Krung Thai Bank plans to expand its micro crediting by 1900 per cent in 2012. (more…)
#bank#Boost#First Bank
The Shandong provincial government procurement credit guarantee pilot programme has commenced operations. (more…)
Halkbank, (Peoples Banks) has announced it will establish a factoring company with a capital of TRY 20 million. (more…)
Religare Finvest Ltd (RFL), a subsidiary of Religare Enterprises, is interested in entering the factoring business, according to its CEO.…
Indian exporters with exposure to Spain, Portugal, Ireland, Italy and Greece (SPIIG) will now have to take larger risk cover…
#exporters#exports#guarantee
China Merchants Bank (CMB) and CITIC Bank plan to raise 20 billion yuan and 30 billion yuan respectively through the…
The German investment and development company, DEG, has extended a loan of USD 20 million to Eastern Bank Limited (EBL)…
#bank#investment#liquidity
Turkish automotive finance specialist, Volkswagen Dogus Finance (VDF), has appointed Muge Tuna as Director of its factoring service. (more…)
#bank#commercial finance#financial services
The city of Shanghai is to launch new initiatives and expand existing schemes to help its 337,000 SMEs, according to…
#bonds#economy#smes
The International Finance Corporation (IFC) has expanded a trade finance line for LienVietPostBank, allowing the bank to further help SMEs…