Banking Service Chronicle

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