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India

Indian FinTech company launching in UK

SMERGERS, an Indian online investment bank for SMEs is launching in the UK. (more…)

#bank#banks#international

RBI appoints Mynd Solutions for trade receivables exchange

The Reserve Bank Of India (RBI) has set up an exchange for online discounting of trade receivables, through a ‘TReDS’…

#bank#cash-flow#management


Indian invoice finance solution launched

RupaiyaExchange, a new online invoice finance solution has been released into the Indian alternative finance scene (more…)

#credit risk#international#invoice


DS-Concept Provides USD1m export factoring facility to Indian textiles...

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a USD1m export accounts receivable facility…

#commercial finance#international#non-recourse factoring


SBI to set up trade receivables platform

The State Bank of India (SBI) has announced that it will partner with SIDBI and the National Stock Exchange (NSE)…

#bank#platforms#security


SME financing AskmePay launches

AskmePay, the payment initiative by AskMe group, has launched AskmeFin, a program that will provide various financing options to its…

#digital#receivables#SME financing


Entities get trade receivables go-ahead

Three entities — Axis Bank, Gurgaon-based Mynd Solutions and a joint bid by NSE Strategic Investment Corporation and Small Industries…

#bank#management#receivables discounting


RBI allows banks to fix value for factoring business

The Reserve Bank of India has allowed banks to carry out the business of factoring without any restrictions on the…

#bank#banks#invoice


RBI modifies factoring guidelines

The Reserve Bank of India (RBI) has reviewed and modified existing RBI's instructions/guidelines in relation to the factoring services by…

#bank#factoring regulation#Factoring Regulation Act


YES Bank to set up SME service centre

Private sector lender YES Bank has announced that it will set up its largest service centre in Chennai to address…

#bank#investment#management


Bandhan Bank joins the Indian Banking League

Bandhan Bank, headquartered in Kolkata, will concentrate on financing small and medium enterprises. (more…)

#bank#banks#Boost


RBI received seven TReDS applications

Reserve Bank of India announces news of further interest in receivables exchange platform (more…)

#bank#cash-flow#receivables

Factoring without prior approval

The Reserve Bank of India (RBI) has said that banks can carry out the business of factoring departmentally, without obtaining…

#bank#invoice#Paid

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