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In an effort to reduce the transaction costs of exporters and make them more competitive in the global market, the Commerce Ministry is preparing a green channel facility for law-abiding exporters. Mr Lalit Mansingh, director-general of Foreign Trade (DGFT), announced...
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 have finalised the formula for arriving at the new benchmark prime lending rate (PLR) as prescribed by…
#bank#banks#risk
Export Credit Guarantee Corporation of India Ltd (ECGC) has paid seven large value guarantee claims totalling Rs31.10 crore due to…
A year ago, the banks were given tough new powers to foreclose on the assets of bad debtors under new…
The average export growth of around 10 per cent during the April-October period augurs well despite the hardening of the…
The Export Credit Guarantee Corporation (ECGC) has signed a Memorandum of Understanding (MoU) with Tamil Nadu-based Karur Vysya Bank Ltd,…
The State Bank of India (SBI) has made credit to borrowers in the small-scale industries (SSI) and agriculture sectors cheaper…
It was announced today that one of the leading figures in global factoring, Veena Mankar, will step down as managing…
The Reserve Bank of India’s (RBI) 7 per cent GDP growth is not achievable if banks are not prepared to…
India's central bank, the Reserve Bank of India (RBI), has left interest rates unchanged at 6%, but raised its forecast…
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Bumiputra-Commerce Bank Bhd (BCB) hopes to approve RM60m in loans by the year-end under its BCB Fast Track SME Loan,…
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The country’s industrial growth slowed to 5.2 per cent in August this year compared to 6.2 per cent growth witnessed…