West LB Bank Plan Indian Operation

The German based bank West LB are planning the launch of a new export factoring service in India, where they believe there is a great deal of market potential.

Canbank Predicts Strong Turnover Growth

Canbank Factors achieved a turnover of Rs. 1,000 Crores in 1999-2000 and expect growth of 25-30% in the coming financial year. The domestic factoring market in India is in its infancy and thus the growth potential is enormous.