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A Task Force Report on the development and promotion of micro, small and medium-sized enterprises (MSMEs) has highlighted the lack of trade credit available to small businesses in India (more…)
#exports#MSME#recession
FIM Bank today announced its joint venture with Punjab National Bank, Banca IFIS and Blend Financial Services will be called…
Factoring firm Global Trade Finance India (GTF) are to merge with the State Bank of India s factoring subsidiary, SBI…
Punjab National Bank today signed a joint venture agreement for a commercial finance subsidiary. (more…)
Indian apparel exporters have been hit hard as they are denied access to credit insurance and factoring finance (more…)
#Allianz#Atradius#exporters
Public Sector lender, Punjab National Bank (PNB) plans to enter the factoring business through it s new subsidiary, PNB Factoring…
#bank#global trade#receivables
The fiscal stimulus seems to have had little effect on the plight of SMEs accroding to a Federation of Indian…
#exporters#funding#interest rates
A majority of SMEs in India are still struggling to cope with the effect of global credit crisis according to…
Shortage of equity and long-term funds continue to stifle the growth of SMEs in India (more…)
#bank#banks#funding
3i Infotech has acquired the remaining 49% stake in a factoring services provider based in India (more…)
#acquisition#software
State Bank of India (SBI) is readying merger plans for two of its factoring subsidiaries, restarting a slow-moving and controversial…
Punjab National Bank has announced it s decision to set up a joint venture for factoring services as part of it's plan…
#bank
RBI governor worries that Indian SMEs are still not getting enough credit. (more…)
#banks#interest rate#interest rates