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Industry body Assocham asked the government to bring down taxes such as corporate and service tax to boost the demand side, but said prices were being determined by market forces. (more…)
#banks#Boost#inflation
State Bank of India today signed an agreement with Credit Guarantee Trust for Micro and Small Enterprises to offer collateral…
#bank#guarantee#SBI
The Indian government has announced plans to increase the credit flow to micro-entreprises in the country (more…)
The Reserve Bank of India (RBI) has asked banks to improve credit flow to the fund-starved Small and Medium Enterprises…
ICICI Bank is planning to launch a private equity (PE) fund for SMEs through a special purpose vehicle (SPV) within…
#bank#funding#ICICI Bank
Bangalore-based private equity (PE) firm Forum Synergies is launching one of the biggest India-focused SME funds. (more…)
#financial institutions#forum#management
SBI Factors, a wholly-owned subsidiary of the State Bank of India (SBI), has acquired the Exim Bank-promoted factoring company Global…
#bank#international#international factoring
India SME asset reconstruction company (ISARC), an entity formed by Indian banks to resolve non-performing loans (NPLs), expects to commence…
The public sector banking major State Bank of India (SBI) is now planning to cater to the fund requirements of…
#bank#banks#capital requirements
The Reserve Bank of India (RBI) has decided to review the all-in-cost ceiling for trade credits for imports into India.…
IFCI Ltd has acquired an additional 46.65% stake in Foremost Factors Ltd (FFL), increasing its holding in the company to…
#bank#exports#international
Global Trade Finance Ltd. (GTF), India's leading standalone factoring company, has reported a 155 % jump in its net profit…
#bank#international#management
Insurance companies are now sensing a huge opportunity in credit insurance, following the dispensation granted to them in the credit…
#AIG#Allianz#Atradius