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India

First financial services special economic zone to take off...

Riding on the current business process outsourcing (BPO) boom, the government plans to set up an exclusive special economic zone (SEZ) for financial services in Mumbai. The services expected in the Mumbai international financial service centre (IFSC) include banking, insurance,...

#financial services#insurance#international

Infrastructure financing must for growth; Exim Bank chief

Export promotion and infrastructure development should be the corner stones of the strategy for sustainable development, according to Mr T.C.…


Exporters (FIEO) urge ECGC to be more responsive to...

Only 15 per cent of the country's exports are protected by export credit insurance, Mr G. Balachandran, directorate-general, Federation of…


Goverment plans help for law-abiding exporters

In an effort to reduce the transaction costs of exporters and make them more competitive in the global market, the…


ABN Amro opens trade finance portal to Indian businesses

The Dutch bank is extending its 'Channel Finance' service to small- and medium-sized Indian businesses. This provides clients with greater…

#ABN AMRO#bank#international


Public sector banks finalise new PLR formula

Public sector banks have finalised the formula for arriving at the new benchmark prime lending rate (PLR) as prescribed by…

#bank#banks#risk


ECGC pays out Rs31 crore towards guarantee claims

Export Credit Guarantee Corporation of India Ltd (ECGC) has paid seven large value guarantee claims totalling Rs31.10 crore due to…


Supreme Court set to lay down the law on...

A year ago, the banks were given tough new powers to foreclose on the assets of bad debtors under new…


Exports growth on course

The average export growth of around 10 per cent during the April-October period augurs well despite the hardening of the…


Karur Vysya to market ECGC risk products

The Export Credit Guarantee Corporation (ECGC) has signed a Memorandum of Understanding (MoU) with Tamil Nadu-based Karur Vysya Bank Ltd,…


SBI cuts rates for priority sector lending

The State Bank of India (SBI) has made credit to borrowers in the small-scale industries (SSI) and agriculture sectors cheaper…


Veena Mankar to step down as head of Global...

It was announced today that one of the leading figures in global factoring, Veena Mankar, will step down as managing…

Banks not prepared to take risks to lend to...

The Reserve Bank of India’s (RBI) 7 per cent GDP growth is not achievable if banks are not prepared to…

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