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India

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 for growth in the year 2003/2004 to 6.5%-7%. At 6%, interest rates are the lowest in independent India's history. And...

#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


Interest burden declines more for mid-sized companies

The effects of the steady decline in the interest rates have been sharply divergent for frontline companies (large and mid…

#economy#interest#interest rates


Mbeki's India visit holds promise for SMEs

Small and medium enterprises (SMEs) in India and South Africa will benefit from a preferential trade agreement expected to be…


Canara Bank in pact with SIDBI to co finance...

Canara Bank has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for co-financing…


West Bengal Industrial Development Corporation to securitise asset portfolio...

Leading Indian and foreign banks, including Citigroup, Deutsche Bank, Syndicate Bank, ICICI Bank, and State Bank of India, have evinced…

#bank#Deutsche Bank#international


ECGC focusing on widespread network

The Export Credit Guarantee Corporation of India (ECGC) plans to open satellite branches across the country to create a widespread…


CII survey shows small industries realigning to market forces

A snap poll of small- and medium-sized enterprises (SMEs) conducted by the Confederation of Indian Industry (CII) shows a competitive…

#exports#international#smes


ICAI relaxes accounting standards for SMEs

The central council of the Institute of Chartered Accountants of India (ICAI) yesterday (17 September) approved the modifications to the…

#cash-flow#compliance#i


Supreme Court hears Sorabjee on Securitisation Act

Attorney General Soli J Sorabjee today defended the Securitisation Act in the Supreme Court. The Court was hearing petitions challenging…

#banks#financial institutions#interest

Bank of Baroda and SIDBI ink pact on SSI...

Bank of Baroda and Small Industries Development Bank of India (SIDBI) have teamed up to co-finance the small-scale industries (SSI)…

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