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"Nirmala Sitharaman will, on Saturday, August 21, 2021 launch the Ubharte Sitaare Fund for export-oriented small and mid-sized companies jointly sponsored by Exim Bank and SIDBI," Exim Bank said ....
India Business News: IDBI Bank customers will have to pay Rs 5 per cheque leaf beyond 20 free leaves per year, under the revised charges from next month.Currently, custome ....
Introducing the revision of services in savings bank accounts, the lender in a notice said the free transaction limits (for select facilities) and lock discounts offered to individual savings bank customers are being revised from July 1, 2021. ....
SIDBI invites bids from consultants to help set up Rs 20,000 cr NaBFID SECTIONS Last Updated: Jun 06, 2021, 02:31 PM IST Share Synopsis The Infra DFI is being established through an Act of Parliament as a statutory body to address market failures that stem from the long-term, low margin and risky nature of infrastructure financing. PTI SIDBI on behalf of the government has floated Request for Proposal (RFP) inviting bids from consultants to help set up Rs 20,000 crore DFI called National Bank for Financing Infrastructure and Development (NaBFID) to catalyse investment in fund-starved infrastructure sector. Parliament in March cleared National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 to support the development of long-term non-recourse infrastructure financing in India, including the development of the bonds and derivatives markets necessary for infrastructure financing. ....
IDBI Bank secures $239 million debt judgment in UK Top Searches IDBI Bank secures $239 million debt judgment in UK PTI / Jun 4, 2021, 06:55 IST FacebookTwitterLinkedinEMail IDBI Bank has secured a $239-million judgment in the commercial division of the High Court of London against a Cypriot subsidiary of India-based Essar Shipping Group, among one of the largest debt judgments obtained by an Indian bank in the English courts. IDH International Drilling Holdco (IDH), the Cypriot-registered parent company of the borrowers, is disappointed with the judgment and is considering its position with regard to an appeal of this judgment, a spokesman for the Essar Group said. Mumbaiheadquartered IDBI had entered into loans totalling $148 million with two Singapore registered companies Varada Drilling One and Varada Drilling Two for the construction of two jack up drilling rigs in March 2013. ....