Question
Which bank has announced that it has signed a Master
Inter Bank Credit Agreement with Export Import Bank of Korea for a USD 300 million line of credit to fund the requirements of companies having business relationships with Korean companies?Solution
HDFC Bank announced that it has signed a Master Inter Bank Credit Agreement with Export Import Bank of Korea for a USD 300 million line of credit. this line of credit would be utilised by HDFC Bank towards funding requirements of companies having equity participation by Korean companies as well as companies having business relationship with Korean companies. It will also be utilised towards funding requirements of consumers for the purchase of cars manufactured by Korea related companies.
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