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Eight co-operative banks in India have defaulted on deposit repayments during April - May 2007, forcing depositors to invoke insurance guarantee to recover part of their losses. (more…)
India's SMEs are no longer depending on banks for funding. Now, leading investment houses and private equity, or PE funds…
SME financing institution Small Industries Development Bank of India (SIDBI) has floated a private equity (PE) fund with an initial…
Credit inflow to the micro, small- and medium-sized enterprises (MSME) sector from institutional lenders has increased by 24 per cent…
Global information technology company 3i Infotech announced it has acquired a 50.5 per cent stake in 'aok In-house BPO Services'…
#ABN AMRO#American Express#bank
Global Trade Finance (GTF), the Mumbai-headquartered full-spectrum integrated trade finance company, has reported a 117% jump in its net profit…
The Global Trade Finance (GTF), will be raising an amount of Rs 2345 crore from domestic banks as well as…
GTF will raise resources worth Rs 2,345 crore in Indian currency and USD 120 million through overseas borrowing to develop…
#cash-flow#global trade#international
The Chief Secretary, Mr J P Singh said that the Credit Guarantee Fund Trust for Small Industries (CGTSI), an undertaking…
#bank#guarantee#SME financing
Export credit to the pharmaceutical industry increased by 30 percent to Rs16,200 crore in 2005-2006 from Rs12,682 crore in 2004-2005.…
ICICI Bank announced a Rs100-crore fund to support innovation and development of green businesses in India. (more…)
The Apex Chamber of Commerce and Industry today said the business of small and medium sector enterprises had been adversely…
The new rules will make unrated loans equivalent to investments in a speculative grade company as both require 150% weighting. Loans…
#bank#bonds#risk