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SMEs and credit guarantee
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), founded in 2000, has made some progress in its 12 years of existence.
www.thehindubusinessline.com
Non-food credit offtake growth slips to 15.4% in Dec
Growth in non- food credit offtake from banks by major sectors slowed to 15.4 per cent in December, 2011, the lowest rate so far this fiscal, reflecting the impact of the high interest rate regime on the economy.
www.thehindubusinessline.com
'Grant more funds to meet SMEs' credit concerns'
BANGALORE, INDIA: To address the credit concerns of the Small and Medium Enterprises in the country, minister of Micro, Small and Medium Enterprises (MSME) Virbhadra Singh has urged finance ministry to allocate more funds in the coming budget.
www.ciol.com
Nabard raises rural credit for 2010-11
The National Bank for Agriculture and Rural Development (Nabard) on Wednesday said it would increase investment credit to the rural sector by 8 per cent and short-term credit by 14 per cent in 2010-11.
www.business-standard.com
Risk factors for India’s credit rating may shift towards negative: S&P
Global rating agency S&P today warned that “the balance of risk factors” for India’s sovereign credit rating could tilt towards ‘negative’ zone this year, given the headwinds being faced by the country on domestic and global fronts.
www.thehindubusinessline.com
Kotak buys Barclays' stressed credit card portfolio
Kotak Mahindra Bank has acquired the non-performing portfolio of Barclays Bank's credit card business in India. The deal, experts said, gives momentum to the sale of stressed loan market in the country which has been having a dry run following stringent regulatory norms introduced in 2007.
www.rediff.com
Russia, China lose credit in Arab world - League chief
CAIRO (Reuters) - The Arab League chief said on Monday that Russia and China had lost diplomatic credit in the Arab world by vetoing a U.N. resolution on Syria and may have sent a message to Damascus that it had a free hand to crack down on protests. But Nabil Elaraby said he would continue working with Moscow and Beijing and other U.N. Security Council members to end the violence that spiked on ...
in.news.yahoo.com
Export credit: Interest subvention may be extended by a year
The interest subvention scheme on rupee export credit may be extended till March 31 next year. Also, more sectors may be included in the scheme, which is scheduled to end on March 31 this year.
www.thehindubusinessline.com
Credit Suisse's risky asset bonus plan gets encore
ZURICH (Reuters) - Credit Suisse , Switzerland's second-largest bank, is to pay a portion of 2011 bonuses for its top executives in risky assets in an extension of a programme the company first used three years ago, Reuters has learned from an internal memo. As banks slash risk and struggle to raise capital to meet tough new banking rules, Credit Suisse said its new bonus programme would help ...
in.news.yahoo.com
S&P warning to India on negative rating
Even as there is no immediate threat of downward tweaking, global rating agency Standard & Poor's (S&P) on Monday cautioned India that its sovereign credit rating could tilt slightly towar...
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