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India

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 access to working capital, based on the risk profile of their supply chain. Adds Sobti: "Other services to be launched...

#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…


Reserve Bank of India ‘plays safe’ and leaves interest...

India's central bank, the Reserve Bank of India (RBI), has left interest rates unchanged at 6%, but raised its forecast…

#bank#banks#Boost


Bumiputra-Commerce Bank targets RM60m loans for SMEs

Bumiputra-Commerce Bank Bhd (BCB) hopes to approve RM60m in loans by the year-end under its BCB Fast Track SME Loan,…

#bank#conference#guarantee


Industrial growth slows to 5.2% in August

The country’s industrial growth slowed to 5.2 per cent in August this year compared to 6.2 per cent growth witnessed…

Canbank Factors net profit up 14.5%

Canbank Factors Ltd, a subsidiary of Canara Bank, has recorded a net profit of Rs 5.2 crore for the quarter…

#bank

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