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India

Foreign majors want a slice of growing factoring pie

Given the increasing demand for factoring services, foreign players such as Development Bank of Singapore (DBS) and GE Capital are getting into the factoring business in India (more…)

Exim Bank to raise Rs 7,000 crore

The Export and Import Bank of India (Exim Bank) is likely to raise over Rs 7,000 crore from both overseas…


HSBC ties up with New India Assurance for factoring...

The Hongkong and Shanghai Banking Corporation Limited (HSBC) buys credit insurance protection on behalf of its factoring services clients. Till…


Banks eye small scale sector for business

For some time now, India's small- and medium-sized enterprise (SME) sector was facing a mid life crisis due to lack…


HSBC launches factoring service

The Hongkong and Shanghai Banking Corporation Limited has widened its product range for small- and medium-sized enterprises (SMEs) in India…


GTF targets Rs 5,000 cr turnover in 2007

Riding on the back of a 100 per cent year-on-year growth in assets, export-import factoring company Global Trade Finance Ltd,…


Exim Bank plans model to finance SMEs

Export-Import Bank of India (Exim Bank) is working on a special model to finance small- and medium-sized enterprises (SMEs) in…

#bank#international#International Trade


No takers for Foremost – yet

Delhi-based Foremost Factors, which was up for sale for quite some time, has once again been turned down by Export…

#bank#global trade#guarantee


ICRA assigns A1+ to SBI Factors & Commercial debt...

The rating indicates highest-credit-quality rating assigned by ICRA to short-term debt instruments. SBIF, a subsidiary of SBI, is one of…


ECGC to foray into factoring services

Export Credit Guaranty Corporation of India Ltd (ECGC) is planning to foray into factoring services through (more…)


IFC to exit GTF post-IPO

Leading factoring service provider Global Trade Finance (GTF) is planning to raise an initial public offer (IPO) (more…)

#bank#Exim Bank#global trade


3i Infotech revenues up 45 per cent Q1

3i Infotech, the finance software provider, has added 45 per cent to total revenues for first quarter 2006 (more…)

SME receivable funding scheme launched

Vinod Rai, Special Secretary (Financial Sector), Union Ministry of Finance, launched three new SME funding schemes (more…)

#bank#funding#liquidity

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