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India

State Bank of India completes factoring stake purchase

Government-run State Bank of India (SBI) said on Tuesday it had completed an acquisition of 91% in an Indian factoring services company for 5.2bn rupees (US$130m). The stake in Global Trade Finance Ltd was purchased from financial firms such as...

#bank#global trade#international

EFIC World Risk Developments report highlights threat to mining...

The Australian Government's export credit agency EFIC reports that mining and mineral exploration in India faces a growing threat: Naxalites.…


Govt creates fund to boost SME growth

Since SSI reservation is becoming restricted the government is creating a fund to be managed by the Small Industries and Development…


Banks refinance for factoring companies

The RBI have said that banks can extend financial assistance to support the business of factoring companies.   (more…)

#bank#banks#i


FM to launch micro credit scheme for SMEs

Union Finance Minister P. Chidambaram would officially inaugurate on February 2 the Janasree Sustainable Development Mission.' (more…)


Bank buys 91pc stake in Global Trade Finance

State Bank of India (SBI), the country's largest bank, has bought a 91% stake in Global Trade Finance (GTF), a…


Global Report: Factoring in India 2007/2008

Arvind Sonmale, Managing Director CEO of Global Trade Finance Limited gives the overview of factoring in India for the forthcoming…


Bajaj Allianz General Insurance to set up debt collection...

Bajaj Allianz General Insurance, in association with Euler Hermes, plans to set up a separate debt collection company in India.…


Citibank India to Establish New Japan Desk

Citibank India today announced that it would establish a new Japan Desk in New Delhi, India, beginning January 2008. (more…)


SIDBI arm to guarantee SME loans

The Credit Guarantee Trust Fund for Micro and Small enterprises (CGTMSE), and the Government of India, has offered to guarantee…

#bank#banks#guarantee


Bangladesh Bank report says – development of SMEs can...

Higher growth of SMEs can help cut poverty to satisfactory levels by creating jobs for skilled manpower in the SME…


India: SBI, Coface in race for Global Trade Finance...

State Bank of India (SBI) and Coface have been short listed for buying the 52.5% stake in India s leading…

Central India Management Conclave to focus on SME sector

Recognizing the fact that the SME sector contributes to India's dometic production, export and industrial employment, CIBMRD is organizing its…

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