Bumiputra-Commerce Bank Bhd (BCB) hopes to approve RM60m in loans by the year-end under its BCB Fast Track SME Loan, which provides for conditional approval within seven working days at the earliest and disbursement of funds in as fast as two to t
The country’s industrial growth slowed to 5.2 per cent in August this year compared to 6.2 per cent growth witnessed August last.
Canbank Factors Ltd, a subsidiary of Canara Bank, has recorded a net profit of Rs 5.2 crore for the quarter ended 30 September 2003, up 14.54 per cent over the corresponding period in the previous year.
The effects of the steady decline in the interest rates have been sharply divergent for frontline companies (large and mid cap) in India. Large companies have benefited from the decline in interest rates over the last five years.
Small and medium enterprises (SMEs) in India and South Africa will benefit from a preferential trade agreement expected to be finalised as President Thabo Mbeki visits India this month.
Canara Bank has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for co-financing small-scale industries (SSIs) and the service sector and for undertaking related infrastructure projects.
Leading Indian and foreign banks, including Citigroup, Deutsche Bank, Syndicate Bank, ICICI Bank, and State Bank of India, have evinced interest in participating in the securitisation deal by the West Bengal Industrial Development Corporation (WBI
The Export Credit Guarantee Corporation of India (ECGC) plans to open satellite branches across the country to create a widespread distribution network.
A snap poll of small- and medium-sized enterprises (SMEs) conducted by the Confederation of Indian Industry (CII) shows a competitive market scenario and the sector's gradual realignment to market forces.
The central council of the Institute of Chartered Accountants of India (ICAI) yesterday (17 September) approved the modifications to the existing accounting standards so as to grant certain relaxations in the applicability of accounting standards
