India

Export Credit Guarantee Corporation of India (ECGC), the fifth largest credit insurer of the world in terms of national exports coverage, will be launching a full-fledged factoring business this month

Arvind Sonmale, CEO of Global Trade Finance, examines the current climate for factoring in India and the potential for growth in 2007

Foremost Factors, the first factor to offer export factoring in India, has announced Mr Vikas Nanda, chief executive officer, and Mr Ajay Handa, vice president, have resigned

Small and medium enterprises (SMEs) may soon become investment hot spots in the IT segment. The department of information technology (DIT) has recommended

Shardul Thacker, of Mulla Mulla Craigie Blunt, examines changes to Non Banking Financial Companies (NBFCs) and the significance 

The country's oldest but troubled financial institution IFCI may soon see the entry of a strategic investor. IFCI is the parent company of Foremost Factors

In line with the Union Finance Ministry's directive, Canara Bank on Tuesday said it aims to increase its exposure to the small- and medium-sized enterprise sector by more than 20pc this fiscal year

Global Trade Finance (GTF), the joint venture factoring company started by Exim Bank of India, is planning to come out with an initial public offer (IPO) and

Industrial Development Bank of India director, K Narasimha Murthy, has observed that the rate at which bank credit for the Small and Medium Enterprise (SME) units is shrinking is a cause for concern

In order to develop the factoring market in India, the Factoring Association of India is planning to approach the Reserve Bank of India to permit factoring companies to get first charge on the bill receivables