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Asia

Karnataka SSIs top in Credit Guarantee Fund intake

Of the Rs 95 crore credit that the Credit Guarantee Fund Trust For Small Industries (CGTSI) has disbursed, Karnataka leads with an intake of Rs 17 crore. The 623 SSIs that have availed of this facility are operating in the...

#bank#guarantee#guarantees

Canbank Factors registers a solid performance

The company registered good financial performance in the nine-month period ending December 2002. The funds deployed during this period grew…

#banks#interest#interest rate


Bankruptcies fall but danger ahead

Bankruptcies in Japan fell about 5 per cent in the last business year, according to independent research firm Teikoku Databank,…

#bankruptcy#banks#economic recovery


Easing cash flow for small firms

Small businesses in Japan are having severe cash-flow difficulties, even though the Bank of Japan (BoJ) is pumping plenty of…


Global Trade Finance targets domestic factoring

Global Trade Finance Pvt Ltd (GTF), receivables management and export-financing company promoted by Exim Bank of India, WestLB of Germany…

#bank#exporters#exports


ICICI Bank and five partners invest Rs 800 crore...

ICICI Bank, with five other financial intermediaries, has set up a Rs 800 crore India Advantage Fund for the equity…

#bank#guarantees#management


ECGC announces lower premiums and new products for services...

The Export Credit Guarantee Corporation of India Ltd (ECGC) has reduced premium by between 20 and 40 per cent on…


Euro could outshine dollar for international trade and currency...

With the continued strengthening of the euro against the dollar, several export-driven companies are seriously considering switching to the euro.…

#bank#international#International Trade


Major Exim policy package aims at service sector, US$80bn...

In a watershed Exim policy, government announced a major package for exports of services, special focus on high growth sectors…

#exports#global trade#software


Siam General Factoring announces dividend decision

Siam General Factoring said its board on March 28 approved no dividend for 2002 due to retained loss, a capital…

#Clear


Bank crisis update

A senior leader of Myanmar's ruling military junta has urged those who have borrowed from crippled banks to repay their…


Power firms await Electricity Bill before insuring receivables

Power producers will now be able to insure their receivables against non-payment of payments due as the insurance sector is…

SMEs benefit from new monetary measures

Bank Negara governor, Tan Sri Dr Zeti Akhtar Aziz, announced monetary measures aimed at addressing the current economic challenges during…

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