Canbank Factors’ factoring package offers sales ledger administration, debt collection services, credit protection and advisory services. The total turnover of the company to March 2004 amounted to Rs8,845 crore.
The Export Import Bank of India has extended a $20 million loan to Mozambique, as part of its efforts to increase bilateral trade.
The Reserve Bank of India (RBI) has told commercial banks to adopt a cluster-based approach for financing small- and medium-sized enterprises (SMEs).
While foreign banks eye `factoring' as the future finance product for India, corporates operating in this space for the last 13 years are not quite so upbeat about the prospects, despite sensing the potential.
Standard Chartered Bank has concluded a factoring deal worth $25m for Bharat Forge Ltd, a castings and forgings supplier based in India.
Syndicate Bank, the Indian finance group, has announced a series of ‘softer’ loan terms to exporters with good track records.
The export-import policy (EXIM policy) governs the import of goods into and export of goods out of India.
Addressing the members of Bharat Chamber of Commerce here recently, Mr Rajeev Bhargava, head of Trade Services, said that HSBC is looking at new ways of financing export-import trade in India, in keeping with the requirements of its customers.
The Export Credit Guarantee Corporation of India Ltd (ECGC) has arrived at a corporate agency agreement for the marketing of ECGC's export credit insurance products with Andhra Bank.
“The venture capital industry in India has been undergoing a downward trend for the past two years.
