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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