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A year ago, the banks were given tough new powers to foreclose on the assets of bad debtors under new legislation known as the "securitisation law". But this has now been challenged. Gujarat-based Mardia Chemicals has secured a restraint order...
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…
#bank#banks#Boost
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
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 Ltd, a subsidiary of Canara Bank, has recorded a net profit of Rs 5.2 crore for the quarter…
#bank
The effects of the steady decline in the interest rates have been sharply divergent for frontline companies (large and mid…
#economy#interest#interest rates
Small and medium enterprises (SMEs) in India and South Africa will benefit from a preferential trade agreement expected to be…
Canara Bank has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for co-financing…