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India

Vijaya Bank signs MoU with SME rating agency

Financing the SME sector is being accorded top priority by Vijaya Bank; the bank is aiming at doubling its (more…)

#bank#smes

Exim Bank signs Rs 2,295 crore credit this year...

Export Import Bank of India (Exim Bank) has signed the maximum lines of credit this year, totalling (more…)

#bank#Exim Bank#exports


Canbank Factors posted 25% factoring volume growth

Canbank Factors Limited has posted 25.66 per cent growth in factoring volume of (more…)


SME lending to double in 5 years, government urges...

Finance Minister P Chidambaram on Friday said the government has decided to double the (more…)


Global Trade Finance plans IPO

Exim Bank of India-promoted Global Trade Finance Pvt Ltd (GTF) proposes to (more…)

#bank#guarantees#international


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…


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...…

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