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3i Infotech acquires majority stake in Delhi-based BPO Linear

3i Infotech Ltd has acquired a majority stake in Linear Financial Management Systems Pvt Ltd (Linear). (more…)

#acquisition#banks#management

ICICI Bank set to offer trade finance via New...

ICICI Bank, India's second largest bank, is ready to setup a branch in New York. (more…)

#bank#banks#exporters


Pivdenny Bank gets loan of US$30m for SME financing

Pivdenny Bank has received a syndicated loan for US$30m at LIBOR+2.4% annually. (more…)

#bank#banks#LIBOR


USD16m scheme to defraud the Ex-Im Bank

Two men from the Philippines have been charged in connection with a US$16m scheme to defraud the Ex-Im Bank, USA.…

#bank#banks#exporters


Indian SMEs fastest growing among peers in Singapore

Amid robust economic growth in the region, the business landscape for SME firms is bubbling over with the heady scent of…

#bank#banks#GDP


Govt identifies SME clusters for development

The government has identified clusters of more than 3,000 SMEs in the country, of which 1,150 clusters have been taken…

#bank#banks#exports


IDBI to roll out SME-cells by the end ...

IDBI Bank plans to launch a new business model by the year-end called 'SME-cells' in order to increase lending to SMEs. (more…)

#bank#banks#exports


Late payments squeeze SMEs

Delayed payments by the government and big corporations continue to stifle South Africa's SMEs. (more…)

#banks#small business#small businesses


India’s ICICI Bank gets nod for US branch

ICICI Bank has received the green signal to convert its representative office in NY into a full-fledged branch. (more…)

#bank#banks#ICICI Bank


RON100m from budget added to SME sector

The budget of the Ministry for SMEs, Trade, Tourism and Liberal Professions has been increased by 31% for 2008. (more…)

#bank#banks#investment


EIB lends EUR40m for SME projects and towns

The European Investment Bank is lending EUR40m to Hrvatska Banka za Obnovu I Razvitak  to finance indirectly the smaller projects of SMEs…

#bank#banks#i


Meliorbanca to study merger proposal

Meliorbanca SpA said it had received and will examine a merger proposal from Banca Profilo. (more…)

#bank#banks#investment

Database to help SMEs raise funds

South China's Guangdong Province is extending its credit database for SMEs to give them improved access to bank loans. (more…)

#bank#Bank of China#banks

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