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Concerned with the inadequate availability of credit to the small-scale sector, Minister of Small Scale Industries, C P Thakur, said he will take up the issue with the finance ministry and the Reserve Bank of India. Lack of credit to...
#bank#banks#Boost
The government should pave the way for opening of large fund-based private banks, specifically dedicated to small and medium enterprises…
#bank#banks#liquidity
The Chamber of Commerce (PHDCCI), in its pre-Budget memorandum, has urged the Government to review the Securitisation Act, provide longer…
#conference#financial institutions#investment
Buoyed by the opportunity for higher credit deployment in the small and medium enterprise-dominated textile sector, the National Small Industries…
Citibank has bought out portfolios of over Rs 1,000 crore in the last 14 months from non-banking financial companies (NBFCs)…
#bank#banks#funding
THE Small Industries Development Bank of India (SIDBI) will shortly make available a $40 million support fund for small enterprises,…
#bank#guarantee#guarantee scheme
The forthcoming Budget should address the two main problems of the small-scale sector, namely, the high cost of funds and…
#bank#guarantee#securitisation
Bearing in mind the current decline in the interest rate levels, the fixed deposit programme of Canbank Factors, a subsidiary…
A high level meeting in the Planning Commission today on the flow of credit to the small scale sector decided…
#bank#interest rates#late payment
Declaration of the Vallarpadam and Puthuvypeen areas as special economic zones will reduce the cost of the proposed trans-shipment terminal…
THE export scenario for the domestic small and medium sector is on an upswing for the next six months. This…
#exporters#exports#small business
Canbank Factors Limited, an Indian factoring company, has released its 11th annual report for the year ended 31 March 2002.…
ICRA, an investment information and credit rating agency, has assigned an A1+ rating to the Rs 100-crore commercial paper programme…