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State Bank of India

Infosys Finacle facilitates blockchain-based trade finance solution

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys today announced that it has been inducted into International Financial Services Centres Authority’s (IFSCA) Regulatory Sandbox framework to pilot its blockchain-based trade finance solution. The authorisation was issued in...

#blockchain#HDFC Bank#ICICI Bank

RBI to build stronger supervision for factoring activities

A parliamentary panel has emphasised the need for the Reserve Bank of India (RBI) to ... (more…)

#State Bank of India


State Bank of India (California) deploys Surecomp to support...

Surecomp®, a leading provider of global trade finance solutions for... (more…)

#State Bank of India


SME financer raises Rs 10 crore (US$1.6 million) under...

A start-up focused on giving loans to small and medium enterprises,... (more…)

#bank#cash-flow#financial services


GE start scaling GE Capital

GE Capital India sells mortgage loans business. (more…)

#bank#commercial finance#financial services


SBI ‘may sell’ factoring arm

SBI may sell or absorb arm SBI Global Factors Ltd as a result of the recently passed Factoring Regulation Bill.…

#bank#factoring regulation#regulation


PNB to launch factoring subsidiary

Public Sector lender, Punjab National Bank (PNB) plans to enter the factoring business through it s new subsidiary, PNB Factoring…

#bank#global trade#receivables


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


EBRD extends first long maturity syndicated loan to a...

The European Bank for Reconstruction and Development (EBRD) is providing a US$42 m loan to Ukraine s Kreditprombank. It will…

#bank#banks#funding


Exim bank and SBI may pick up stake in...

Exim Bank of India and State Bank of India (SBI) are looking to invest in the equity and debt of…

#bank#Exim Bank#guarantee

Indian Sbi-Canara bank Jv begins operations in Moscow

The Commercial Bank of India LLC (CBI), a joint venture between public sector Canara Bank (BSE:CNBK) and State Bank of…

#bank#guarantees#SBI

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