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Export Credit Guarantee Corporation (ECGC) has obtained a special exemption from the Insurance Regulatory and Development Authority (IRDA) allowing it to have a bank that already sells products for another non-life company as corporate agent. Under existing IRDA guidelines a...
#bank#exports#guarantee
The small- and medium-size enterprise (SME) sector has been regarded as typically `high risk and high delinquency' in banking circles.…
With top corporates demanding low rates on loans and margins nowadays being wafer-thin, new generation UTI Bank is planning to…
#bank#financial institution#guarantees
Oriental Bank of Commerce (OBC) has reduced its interest rates and margins on advances to small-scale industries (SSI) sector. The…
Bajaj Allianz General Insurance Company Ltd is planning to get into the credit insurance business, an area dominated by the…
#Allianz#exporters#guarantee
Ashok Leyland Finance has raised Rs 1 billion by securitising some of its receivables from hire-purchase schemes and loans for…
Indian small industry has to reposition itself to achieve compatibility with the international trade scenario and become globally competitive, according…
#international#International Trade#smes
Bharat Overseas Bank Ltd has lowered interest rates on credit to agriculture and small-scale sectors (SSIs). "The revised interest rates…
#bank#interest#interest rates
Speaking at a workshop on 'New Export-Import Policy', the director-general of Foreign Trade, Mr Labanyendu Mansingh, said the list of…
The Credit Guarantee Fund Trust for Small Industries (CGTSI), set up by the Government of India and the Small Industries…
#bank#interest rates#management
Small-scale units can now get a composite bank loan of up to Rs 50 lakh as against a maximum of…
A unified law for the small-scale industry sector (SSI) that will help enhance the sector's efficiency is being drafted, according…
Of the Rs 95 crore credit that the Credit Guarantee Fund Trust For Small Industries (CGTSI) has disbursed, Karnataka leads…
#bank#guarantee#guarantees