India

Large companies that source inputs from small and tiny enterprises will now have to pay within 45 days of procurement, irrespective of any written agreement between them

Barclays International Retail and Commercial Banking has appointed Samir Bhatia to head up its commercial banking business in India

3i Infotech Limited has announced the appointment of Anirudh Prabhakaran as Chief Operating Officer (COO) for South Asia

In a bid to increase loans given directly to small- and medium-sized enterprises (SMEs), the Small Industries Development Bank of India (SIDBI) plans pacts with non-banking finance companies (NBFCs) for loan origination

GE India is substantially scaling up its business target for 2010 it hopes to do business worth US$3bn by 2008 and touch US$8bn by 2010. This is a significant upward revision of the target that was announced

Credit Information Bureau (India) Ltd (Cibil) has started collecting credit data on commercial entities, including corporates, from this month

Citibank is introducing a range of financial services for small and midsize enterprises (SME) in India

Not only are Indian small- and mid-market enterprises among the most optimistic in the world, they are also among the most profitable with strong financials, according to separate surveys conducted by Crisil, HSBC Bank and Grant Thornton

3i Infotech seems to be headed for continued strong growth in FY 2007, as the company builds further on a strong run last year, says the Economic Times

The Hongkong and Shanghai Banking Corporation (HSBC) in India expects lending to the SME sector to grow by 30 per cent in the current year. The bank, which started offering specially designed products to Indian SME customers last year