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India

Global Trade Finance pioneers non-recourse factoring in domestic market

Global Trade Finance Ltd. has introduced, for the first time in the country, a product that provides for domestic factoring facility without recourse and with credit protection. Global Trade Finance Ltd. is able to introduce this product following its tie-up...

Credit rating agency assigns A1+ rating to GTF debt...

The ratings are based on the strength and commitment of GTF's (more…)


“Factoring services yet to pick up in India” –...

According to G R Seshadri, managing director, Canbank Factors Limited, Bangalore (more…)

#bank#cash-flow#global factoring


FDI regulations for the finance industry

The government has committed itself to deciding on proposed FDI projects within 30 days, but foreign investors still complain that…

#bank#banks#financial services


Government strategy aims to double credit to SME sector...

The Minister of State for Finance, SS Palanimanickam has announced a plan by the government to achieve a minimum annual…


Exim Bank extends credit to EADB to promote Indian...

Export-Import Bank of India (Exim Bank) has extended a second Line of Credit (LOC) of $5 million to the East…


GTF to offer new factoring product in New Year

Following its recent introduction of import factoring, Global Trade Finance continues to expand its range of products with its planned…

#bank#exporters#risk


RBI report reveals lack of growth in lending to...

The Reserve Bank of India (RBI) has advised all scheduled commercial banks, including the RRBs and local area banks, to...…


Banks making progress with SME market

Things seem to be looking up for the small- and medium-sized enterprises segment. With the Government and the Reserve Bank...…

#bank#cash management#management


New MIGA program tailored to SMEs

The Multilateral Investment Guarantee Agency (MIGA), an affiliate of the World Bank, which covers the political risks faced by investors…

#bank#guarantee#political risks


GTF launch reverse factoring and get go-ahead to offer...

Global Trade Finance (GTF), the only provider of international and domestic factoring and forfaiting services under one roof, has... (more…)

#international#management#receivables


ICICI bank’s partnership to advance micro-finance receivables market

In a move that will support the advancement of micro-sized businesses, ICCI Bank, the country's largest private... (more…)

SFCs advised to consider new approaches to SME finance

The finance minister, P Chidambaram told press at the Andhra Pradesh State Financial Corporation (APSFC) that State finance corporations (SFCs)…

#banks#GDP#smes

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