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Securitisation is a viable funding method for small finance companies because their advances generally match banks' requirements towards priority sector lending, said Mr N. Sampath Kumar, executive director (Finance), Ashok Leyland Finance. At a meeting organised by the South India...
#banks#funding#investment
Fred Clough, the disgraced finance director of collapsed trade finance house Versailles, lied to his board that he had cancer…
#banks#Goldman Sachs#trade
Anxiety over credit problems in small- and medium-sized companies (SMEs) is increasing, as 67 per cent of loans to those…
#bank#banks#economy
Banks and other financial institutions could face a potential surge in money laundering when the European Union expands at the…
#anti-money laundering#bank#banks
The stabilisation of the economy and decreasing interest rates in 2000 and 2001 led to growth in the factoring industry,…
#bank#banks#factoring industry
Malaysian banks will adopt a two-phase approach in complying with the Basel II Capital Accord, says Bank Negara Malaysia’s governor.…
#bank#banks#risk
The Union of Small & Medium Enterprises (UNISAME) has drawn the attention of bankers to the fact that most SMEs’…
#bank#banks#cash-flow
The state-controlled Development Bank of the Philippines (DBP) will launch a new marketplace this month for receivables of small- and…
#bank#banks#IBM
Financial services companies' optimism increased between December and March by more than at any time for five years, as business…
#banks#Boost#cloud
Signalling a long-term stability in its foreign investment policy, India has offered to bind itself to allowing 100 per cent…
#banks#financial services#reinsurance
Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by…
#bank#bankruptcy#banks
Receivers for Versailles have recovered only Ј550,000 of the Ј19m fortune siphoned from the collapsed trade finance house by disgraced…
#3M#banks#trade
China's central bank said that further measures might be needed to slow credit growth after it tightened monetary policy by…
#bank#Bank of China#banks