Exim Factoring Venture to Begin Operations in Ten Days

Global Trade Finance Pvt Ltd, the factoring joint venture company of Exim Bank of India, WestLB (Westdeutsche Landesbank Girozentrale) of Germany and IFC, Washington, is expected to begin operations in the next ten days.

Canbank to Introduce Export Factoring Service Today

India’s largest player by market share, Canbank Factors, will be launching their new export factoring service today in Bangalore. Domestic factoring currently accounts for 95% of factoring volume in India.

West LB Bank Plan Indian Operation

The German based bank West LB are planning the launch of a new export factoring service in India, where they believe there is a great deal of market potential.