Exim Bank Increases $500
Million Loan Facility to ECOWAS
Banking Service Chronicle The Export-Import
Bank will give a USD 500 million credit service to Economic Community of West
African States (ECOWAS) to fund various expansion projects in the western-south
African country. BankingService Chronicle By signing of line of credit (LoC) pact, the Exim Bank till the date
has continued four Letter of Credit bankingservices chronchile to the Bank for Investment and Development (EBID) of West African
States, considering the cumulative value of LOCs to USD 1,000 million. banking services chronchile HDFC Bank Signs MoU
with Government e-Marketplace India's Private sector lender HDFC Bank has
signed an agreement with the Government eMarketplace (GeM) under which the HDFC
bank will promote a host of services to the general public procurement portal
for Central and state government organisations. bscmagazine The MoU is important as Government e-marketplace will convey
transparency and efficiency in the procurement process with guaranteed and
convenient payment to the sellers Equitas Small Finance Bank has started a new
„Yellow Army Savings Account‟ to expand its customer base through its
alliance with the Chennai Super Kings (CSK), a franchise of the Indian Premium
League (IPL). The yellow army savings account will give an interest rate of 6%
per annum for balance below Rs10 lakh and 6.5% yearly for the balance above
Rs10 lakh bscmagazine
