India

Export Credit Guarantee Corporation of India (ECGC) and the Ministry of Commerce have set up a National Export Insurance Account (NEIA) Scheme that would provide credit risk cover for medium- and long-term high-value projects

India's second largest bank has signed a partnership agreement to offer pre- and post-export financing to customers of financial supply chain specialist TradeCard in

Global Trade Finance, 40% owned by Exim Bank of India, plans to come out with its initial public offering (IPO) in 2006-07

Bank of Baroda and The Small and Medium Enterprises Rating Agency of India Ltd (SMERA) have signed a Memorandum of Understanding (MoU) to jointly work in the area of SME financing

From March 2006, India s factoring industry will have its very own association the Factors Association of India (FAI). Representing the interests of the US$2bn industry, the FAI will initially draw on the resources of four leading factors in the country...

Leading factoring players in the country are to form an association for further development of the industry

The ratings on Global Trade Finance Limited s (GTF s) debt issues continue to reflect strong financial, managerial, and operational support received from its largest shareholder

Citicorp Finance (India) Ltd today signed an MoU with SMERA, a rating agency for small firms, to jointly promote the interests of the Indian small- and medium-sized enterprise (SME) sector and maximise business opportunities for mutual benefit

The Small Industries Development Bank of India (Sidbi) has tied up with 12 commercial banks to set up small enterprises financial corporations (SEFCs). The SEFCs have been set up to enhance credit flow to SME clusters

Banks are courting smaller companies with attractive lending arrangements as competition squeezes earnings from retail loans, but the new effort to protect profit margins also carries greater risks