INDIA BUSINESS WORLD - August 1st - August 31st - 2008
ICICI BANK IN $250-MILLION PACT WITH US EXIM BANK
Private lender ICICI Bank has entered into a $250-million agreement with Export-Import Bank of United States to finance capital goods imports of Indian companies from the US. The agreement, which is an extension of Indian infrastructure facility of Exim Bank, will provide credit support to international banks for financing capital goods imports by Indian companies, a bank press release said. This will particularly benefit companies in sectors such as power, transportation, airports, oil & gas and renewable energy. The agreement was signed by Exim Bank vice-president Ray Ellis and ICICI Bank executive director Sonjoy Chatterjee.
|
