India

Exim Bank plans to raise Rs 8,000 crore

Exim Bank of India plans to mobilise Rs 8,000 crore to extend an additional US$1bn line of credit to foreign countries

Canara Bank to finance SMEs

Canara Bank has announced that it will focus on finance to small- and medium-sized enterprises (SMEs) during fiscal year 2005-2006

SIDBI and Dun & Bradstreet to undertake SME credit rating

Soon small- and medium-sized enterprises (SMEs) will be getting ratings on the basis of their financial condition, managerial skills, future plans and

HSBC offers unsecured LoC for SMEs

In a bid to serve the micro SME — lower end of SME segment— HSBC has launched unsecured line of credit (LoC) for the Indian small- and medium-sized enterprises (SMEs).

GE Commercial Finance investment grows presence in India

GE Commercial Finance will invest US$63 million in the Indian

Canbank Factors’ volume up 24.83%

Canbank Factors Limited, a subsidiary of Canara Bank, has posted 24.83 per cent growth in factoring volume at

BoI revamps business structure

Bank of India (BoI), India s largest public sector bank, has restructured its business and created

Sidbi Act amendment seeks to provide working capital to SMEs

An amendment to the Small Industries Development Bank of India (Sidbi) Act will be placed before Parliament in the next three to four months, which will enable the development banking entity to extend working capital to small- and medium-sized enterprises (SMEs)

SIDBI signs deal with UCO Bank

The Small Industries Development Bank of India (SIDBI) has started negotiations with KfW for a €40-million line of credit, which will be part of its overall plan to mobilise resources during the current fiscal.

Exim bank and SBI may pick up stake in Ucal's US arm

Exim Bank of India and State Bank of India (SBI) are looking to invest in the equity and debt of AMTEC Precision Products of the US, which has been acquired by Ucal Fuel Systems.