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India

Budget should look to modify credit norms for SSIs

The forthcoming Budget should address the two main problems of the small-scale sector, namely, the high cost of funds and the poor infra-structure, the Confederation of Southern Small Industries Association (Conssia) has said. In a pre-Budget memorandum to the Union...

#bank#guarantee#securitisation

Canbank Factors: Factor of safety

Bearing in mind the current decline in the interest rate levels, the fixed deposit programme of Canbank Factors, a subsidiary…


Legislation on factoring and late payment to be considered

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


ECGD of India unveils Maturity Export Factoring scheme

Declaration of the Vallarpadam and Puthuvypeen areas as special economic zones will reduce the cost of the proposed trans-shipment terminal…


Confederation of Indian Industry Survey Shows Positive Attitudes to...

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 Release Annual Report

Canbank Factors Limited, an Indian factoring company, has released its 11th annual report for the year ended 31 March 2002.…


ICRA assigns A1+ to Global Trade Finance

ICRA, an investment information and credit rating agency, has assigned an A1+ rating to the Rs 100-crore commercial paper programme…


Maturity Factoring Not to Affect Normal Banking for Exporters

The new non-recourse 'maturity factoring' facility offered by the Export Credit Guarantee Corporation of India Ltd (ECGC) to banks will…


GTF on Target to Meet Annual Turnover of 7bn...

On 16 April 2002 the shareholders of Global Trade Finance Private Limited (GTF) at its first AGM approved the accounts…


ICICI To Launch New Factoring Software Product

The Mangalore-based ICICI group, which consolidated its in-house IT department to launch ICICI Infotech in 1999, is preparing to develop…


Global Trade Finance Pte Ltd Gets P1+ Rating from...

Global Trade Finance Private Limited (GTF) has obtained ‘P1+’ rating from CRISIL for Rs. 500 million Commercial Paper Programme. GTF…


GTF Becomes India's First Ever Forfaiting Institution

Global Trade Finance, India's premier export finance service provider, has become the first Non-Banking Finance Company (NBFC) to obtain the…

Canbank Factors’ MD Attributes Good Performance to Portfolio Management

Canbank Factors expects to be on target for turnover and profits this fiscal year despite the slowdown. The projected turnover…

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