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Punjab National Bank has announced it s decision to set up a joint venture for factoring services as part of it's plan to double profits in the next four years (more…)
#bank
RBI governor worries that Indian SMEs are still not getting enough credit. (more…)
#banks#interest rate#interest rates
Small and medium borrowers taking term-loans from the Delhi Financial Corporation (DFC) will now be eligible for working capital loans…
The State Bank of India has initiated a drive to build an SME cadre. (more…)
Punjab National Bank has announced it's intention to set up a company to offer factoring services (more…)
US conglomerate General Electric has appointed Anish Shah as the president CEO of GE Capital, its finance arm in India…
The World Bank approved an additional US$400 million financing loan to the Small Industries Development Bank of India. (more…)
#bank#funding#SIDBI
In spite of high claims from exporters, the state-owned Export Credit Guarantee Corporation of India (ECGC) has decided not to…
The sharp rise in non-performing assets (NPAs) will be led by defaults in corporate loans with the downturn in the…
#bank#funding#international
The Indian banking sector is set to be battered by delinquencies in the corporate and SME loan book. (more…)
#banks#SME loans#Two
Trade Finance worth $60 million has been sought by the Export Import Bank of India from the International Financial Corporation.…
The details of a massive invoice fraud carried out by the founder of an Indian IT company. (more…)
#bank#invoice#invoice management
The country's largest lender, the State Bank of India, today cut lending rates on loans for small and medium enterprises.…