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.

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