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Sudebh Sarbadhikary, CEO of India Factoring confirms bunks unwillingness to finance SMEs due to high risks associated with the sector. (more…)
#funding#India Factoring#management
World Bank's 2014 'Doing Business' report ranks India as low as 134 in the ease of doing business. (more…)
#bank#economic recovery#insolvency
Export Credit Guarantee Corp. asked to develop insurance mechanism to enable exporters to use factoring. (more…)
#bank#exporters#exports
Non-banking finance company Bajaj Finance has reported a 30 per cent increase in net profit at Rs 167 crore in…
#commercial finance#i#interest
The Madras High Court has passed an order to wind up Edserv Softsystems Ltd and has appointed an official liquidator…
#Banca IFIS#bank#India Factoring
The Indian finance ministry has asked state-run banks to make hedging compulsory for all importers who seek foreign letter of…
#bank#exports#guarantees
India has opened its first overseas office of the Export Credit Guarantee Corporation (ECGC) India Ltd in London. (more…)
Allahabad Bank says it is getting less demand for credit from the traditional corporate sector for the new projects. (more…)
Raghuram Rajan lobbies the development of factoring exchanges for SMEs in his address as a central bank Governor. (more…)
#bank#bonds#MSME
An inter-ministerial committee set up to suggest ways to boost exports of India's micro, small, and medium enterprise (MSME) sector…
The Mumbai-based banking aspirant, Reliance Capital, has said that it may not look to raise fresh money to meet capital…
The Small Industries Development Bank of India's loan disbursement to the Micro, Small and Medium Enterprises (MSMEs) is expected to…
#bank#conference#exports
DBS plans big expansion of its SME and HNI customer business. (more…)