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India

Canbank Factors registers a solid performance

The company registered good financial performance in the nine-month period ending December 2002. The funds deployed during this period grew 30.2 per cent to Rs 181 crore against Rs 139 crore in the corresponding previous period. The total income earned...

#banks#interest#interest rate

Global Trade Finance targets domestic factoring

Global Trade Finance Pvt Ltd (GTF), receivables management and export-financing company promoted by Exim Bank of India, WestLB of Germany…

#bank#exporters#exports


ICICI Bank and five partners invest Rs 800 crore...

ICICI Bank, with five other financial intermediaries, has set up a Rs 800 crore India Advantage Fund for the equity…

#bank#guarantees#management


ECGC announces lower premiums and new products for services...

The Export Credit Guarantee Corporation of India Ltd (ECGC) has reduced premium by between 20 and 40 per cent on…


Major Exim policy package aims at service sector, US$80bn...

In a watershed Exim policy, government announced a major package for exports of services, special focus on high growth sectors…

#exports#global trade#software


Power firms await Electricity Bill before insuring receivables

Power producers will now be able to insure their receivables against non-payment of payments due as the insurance sector is…


Bank of India plans rating tool for SSIs

Bank of India (BoI) plans to introduce an exclusive Small Scale Industries (SSI) credit rating system which will take into…

#bank#interest rates#management


Taskforce calls on UK government to reimburse ECGC of...

The Taskforce on Project Exports, set up by Prime Minister’s Office in June 2002, has recommended in its report that…


Bank's revolving credit scheme for SSIs

Canara Bank has launched a new scheme for small-scale industries (SSIs) banking with it. The bank will sanction a stand-by…

#bank#interest#working capital


Export credit insurer predicts increased market share and diversification

The Export Credit Guarantee Corporation Of India expects service exports to account for at least 15 to 20 per cent…

#emerging markets#exporters#exports


Banks home in on SME business

With advances to the corporate sector slowing down, and in some cases even turning negative, small- and medium-size enterprises (SMEs)…

#bank#banks#management


Trade association calls on government to 'Clear backlog in...

The Kanara Small Industries Association (KSIA) has asked the Karnataka Government to take steps to provide adequate Budgetary support for…

#Clear#conference#crisis

Insurance giant granted brokerage licence in India

Marsh Inc., the world's leading risk and insurance services firm, announced that it has received an insurance brokerage licence from…

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