IDBI Bank, EXIM Bank ties up to provide loans to export units

IDBI Bank, EXIM Bank ties up to provide loans to export units. IDBI Bank has tied up with Export Import Bank of India (EXIM Bank) 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.

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