Custom Search

Friday, February 22, 2013

IDBI Bank ties up with EXIM Bank for loans to export units

IDBI Bank has tied up with Export Import Bank of India to facilitate loans to export-oriented small and medium scale enterprises.

“The two banks would co-finance, co-arrange, syndicate rupee and foreign currency loans, provide refinance facility in Indian rupees and foreign currency for extending short term export credit and long term capex loans to eligible export-oriented companies, particularly in the SME sector,” IDBI Bank said in a release.

Both the banks said they would also co-operate in promotional activities and provide advisory services to assist each other’s clients.

Source: thehindubusinessline


Post a Comment

Popular Posts

Desi Google | A2Z Famous Quotes | What's Cooking America | Joke Site