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SIDBI to set up Growth Fund for SME sector

The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/ equity support to eligible small- and medium-sized enterprises (SMEs). SIDBI is also planning to assist units in the SME sector...

#bank#financial institution#risk

Central bank rate cuts surprise market

The Monetary Council of Hungary's central bank MNB decided to cut its base rate by 25 basis points to 12.25…

#bank#exports#international


EFIC introduces new political risk insurance policy for plant...

Export Finance and Insurance Corporation (EFIC) has introduced a new political risk insurance (PRI) policy for Plant and Equipment to…

#export finance#exporters#management


Official export-credit programmes

Teximbank operates programmes designed to insure exports against commercial and political risks. The majority of the companies accessing the service…

#exports#political risks#risk


Financial black hole in corporates’ finances can spell mortal...

Atradius, a global leader in credit insurance and credit management, has warned of the dangers faced by suppliers of companies…

#Atradius#international#management


Poor jobs news and weak economic growth hopes balanced...

The feeble job growth in the government's February employment report surprised economists and made the markets shudder, but the prospect…

#exporters#interest rates#management


AGF's Euler Hermes net profit triples to meet target

Assurances Generale de France's credit insurance unit Euler Hermes said net profit in the full year 2003 nearly tripled to…

#Allianz#insurance#reinsurance


IMEX and IBSnet awarded 2004 SWIFTReady Gold label

Surecomp, a leading provider of trade finance solutions for the wholesale banking industry has been awarded the 2004 SWIFTReady Gold…

#conference#international#receivables


Money laundering laws to hit small businesses

New regulations on money laundering came into force on 1 March and those affected need to be aware of them…

#financial services#risk#small business


ECGC identifies factoring as key business growth area

Export Credit Guarantee Corporation of India Ltd (ECGC), now beefed up with a higher equity base, has identified factoring services…

#bank#exporters#exports


Coface UK launches 'at-a-glance' online company rating system

Coface UK, a branch of one of the world's leading credit solutions companies, is providing an online company rating system…

#economic recovery#insolvency#management


Coface country risk trends report improvement in industrialised country...

Country risk trends Although remaining above the level reached in 2000, the world country-risk index* declined 15% in the 2003…

#debt collection#interest rates#payment behaviour

Banks not fully equipped to lend to small-scale sector...

Reserve Bank of India has said that banks are not fully equipped to promote small-scale enterprises and asked them to…

#bank#exports#risk

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