The Export-Import Bank, Westdeutsche
Landesbank and International Finance Corporation have joined
hands to launch Global Trade Finance Pvt Ltd on Thursday for
undertaking export factoring.
The Union government has declared
services in the banking industry as a public utility service
under the Industrial Disputes Act for another six months from
September 19.
The government securities market
is expected to remain stable and post a record turnover of over
Rs 10,00,000 crore this fiscal despite a turmoil in financial
markets worldwide after terrorist attacks on US.
Liquidity returned to the
market for credit protection on Asian sovereign and corporate
debt issuers this week after trade froze in the wake of the
attacks on New York and Washington, traders aid.
