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The government - the biggest owner of state-run lenders - wants bank chief executives to review lending rates with specific focus on SME/retail customers. (more…)
#bank#banks#SME loans
SBI Global Factors total income decreased 49 per cent. (more…)
#exports#international#international factoring
Mumbai-based India Factoring and Finance Solutions, a non-banking financial company, is planning to lend Rs 10,000 crore to SMEs and…
The Reserve Bank of India (RBI) has extended the ceiling rate on export credit in foreign currency by banks for…
The Federation of Indian Export Organisations (FIEO) has suggested a number of measures to increase availability of credit to the…
India Factoring (India Factoring Finance Solutions) says that in the next two-three years Indian factoring market will see many new…
#Bill#factoring regulation#India Factoring
SBI may sell or absorb arm SBI Global Factors Ltd as a result of the recently passed Factoring Regulation Bill.…
#bank#factoring regulation#regulation
A survey by financial consultancy Deloitte reveals that while fraud level continues to grow, the average value of recovery remains…
#bank#frauds#management
Reserve Bank of India (RBI) deputy governor, KC Chakrabarty, has expressed his view that 80 per cent of the bank…
The Reserve Bank of India wants to see more enthusiasm in setting up factoring businesses and plans to revise the…
The Factoring Regulation Bill allows any Indian company as a non-banking finance company, to commence Factoring by obtaining registration from…
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