IDBI Bank has tied-up with Export Import Bank of India (Exim Bank) to offer 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.
"The two banks co-finance, co-arrange, syndicate rupee and foreign currency loans, provide 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." IDBI said.
Both the banks would also co-operate in promotional activities and provide advisory services to assist each other's clients and co-operate in training of each others' staff members.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.