Promoters of India's IndusInd Bank have received in-principal approval from the country's central bank to increase their stake in the private lender, the bank's chief ..
Private sector lender IndusInd Bank on Wednesday said it has entered into a USD 100 million long-term loan agreement with JBIC to facilitate Indian entities interested in buying Japanese construction equipment.
The finance is being done through a special agreement signed with Japan Bank for
The funds thus raised, will be used by IndusInd Bank to foster the growth of Japanese construction equipment companies in India through need-based credit facilities to the upstream and downstream companies.
IndusInd Bank said it has entered into a $100 million long-term loan agreement with JBIC to facilitate Indian entities interested in buying Japanese construction equipment.
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