Reserve Bank of India has said that banks are not fully equipped to promote small-scale enterprises and asked them to focus on lending to Small Scale Industries (SSI) sector with standard products.
Export and Import Bank of India (EXIM) is to tie-up credit lines worth $75 million with five African and central Asian countries.
The Federation of Andhra Pradesh Chamber of Commerce and Industry (FAPCCI) in association with Small Industries Development Bank of India (SIDBI) is organising a three-day training programme on 'exports' beginning February 16.
The State Bank of India (SBI) is close to completing a search for strategic foreign partners for its factoring, asset management and investment banking affiliates.
The mini-Exim Policy today raised the equity base of the Export Credit Guarantee Corporation (ECGC) of India by Rs 300 crore to Rs 800 crore in order to help Indian exporters in better risk management.
The Indian government will unveil a new initiative for exporters on 28 January under which digital signatures will become a reality, a move that could lead to a reduction in transaction costs.
The Export Credit Guarantee Corporation of India (ECGC) may diversify into insurance lines that complement its primary business of export credit insurance following increased competition from the private sector.
Riding on the current business process outsourcing (BPO) boom, the government plans to set up an exclusive special economic zone (SEZ) for financial services in Mumbai.
Export promotion and infrastructure development should be the corner stones of the strategy for sustainable development, according to Mr T.C. Venkat Subramanian, chairman and managing director of Exim Bank.
Only 15 per cent of the country's exports are protected by export credit insurance, Mr G.
