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Canara Bank has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for co-financing small-scale industries (SSIs) and the service sector and for undertaking related infrastructure projects. Canara Bank proposes to increase advances to...
Leading Indian and foreign banks, including Citigroup, Deutsche Bank, Syndicate Bank, ICICI Bank, and State Bank of India, have evinced…
#bank#Deutsche Bank#international
The Export Credit Guarantee Corporation of India (ECGC) plans to open satellite branches across the country to create a widespread…
A snap poll of small- and medium-sized enterprises (SMEs) conducted by the Confederation of Indian Industry (CII) shows a competitive…
#exports#international#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
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 Small Industries Development Bank of India (SIDBI) have teamed up to co-finance the small-scale industries (SSI)…
The securitisation market in India may grow at a compounded annual growth rate (CAGR) of 40-50 per cent in the…
Two crucial provisions in the Securitisation and Reconstruction of Financial Interest and Enforcement of Security Interest Act, enabling banks and…
The phase of prolonged slowdown and demand recession appears to be finally over for Indian industry. The manufacturing sector is…
Canbank Factors Ltd, a subsidiary of Canara Bank, recorded its highest ever turnover (factoring volume) of Rs 1,223 crores for…
#bank#banks#liquidity
The Central Board of Excise and Customs (CBEC) has issued a directive to "break the communication wall, if any, between…
The defence sector is aiming to indigenise its requirements by offering to buy from technologically sound, innovative and competitive small-…
#smes