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IDBI Bank, through its DIFC Branch in Dubai, has signed a loan agreement for USD 340 million with KfW, Germany. The loan has a maturity of 10 years and carries a competitive rate of interest. The loan would be availed by IDBI Bank for funding loans to the micro, small-and medium-sized enterprises (MSME) directly or indirectly through Microfinance Institutions (MFI’s) and Non Banking Finance Companies (NBFC’s).
Posted in: Indian Market Tips
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