Epic Research

Friday, February 22, 2013

Epic Update : IDBI Bank

Epic Update IDBI BankIDBI Bank has entered into a memorandum of cooperation (MOC) with EXIM Bank, wherein the bank and EXIM Bank would, co-finance, co-arrange, syndicate rupee and foreign currency loans, jointly finance export-oriented projects in India, provide/avail refinance facility in Indian Rupees and/or Foreign Currency for extending short term export credit and long term capex loans to eligible export-oriented companies, particularly in the SME sector.

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