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Bharat Overseas Bank pares rates on SSI credit

Bharat Overseas Bank Ltd has lowered interest rates on credit to agriculture and small-scale sectors (SSIs). "The revised interest rates to agriculture and SSI sector will be at Prime Lending Rate (PLR) minus one per cent for loans up to...

#bank#interest#interest rates

SMEs are hit by the large bank credit crunch

Yamaya is one of countless small- and medium-sized enterprises (SMEs) in Japan feeling the effects of a widening credit crunch.…

#bank#exports#financial services


High Court finds Deloitte & Touche negligent in its...

Deloitte & Touche (D&T) was yesterday found to be negligent when it audited the Singapore operations of Barings Bank, where…


Bank of Japan to help SMEs to raise capital...

The Bank of Japan (BoJ) is to kick-start the development of an asset-backed securities market for small businesses to give…

#bank#liquidity#receivables


SME sector as the driving force behind economic growth

Serbian Assistant Minister of Economy and Privatisation, Blagoje Paunovic, said as part of the Strategy for the Development of Small…

#banks#economic recovery#guarantee


Lenders expect dramatic improvement in economy within 18 months

According to the results of the latest Phoenix Management "Lending Climate in America" quarterly survey, three-quarters of commercial lenders expect…


Euro Sales Finance appoints associate director for South-West and...

Euro Sales Finance (Euro Sales), a provider of bespoke invoice finance, announced today that it has appointed James Hester as…


Court ruling on syndicated loan case clarifies majority decision-making...

Redwood Master Fund Ltd (and 5 others) v. TD Bank Europe (and 2 others) In a recent case brought before…

#bank#risk


'SMEs must have the killer instinct' to help achieve...

Speaking at a workshop on 'New Export-Import Policy', the director-general of Foreign Trade, Mr Labanyendu Mansingh, said the list of…


Banks lend SMEs US$161million to May, up 49% from...

Colombia's banking system issued loans totalling 451bn pesos (US$161m) to small- and medium-sized enterprises (SMEs) this year to May, up…

#bank#guarantee#guarantees


BDO Stoy Hayward Industry Watch analyses the latest business...

In 2002, a total of 19,928 businesses failed in Great Britain, the highest number of business failures recorded since 1994…

#cash-flow#GDP#international


Kroll appoints Simon Freakley to its board of directors

Simon Freakley, president of Kroll's Corporate Advisory and Restructuring Group, has been elected to the board of directors of Kroll…

Innovative financing sought for small scale industries sector

The Credit Guarantee Fund Trust for Small Industries (CGTSI), set up by the Government of India and the Small Industries…

#bank#interest rates#management

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