Axis Bank issues first LC on dedicated govt-backed platform
The deal involved ArcelorMittal Nippon and the bank's client Lalit Pipes & Pipes Limited (LPPL). The bank released an LC on behalf of LPPL, which required such a non-fund-based credit line for a business transaction with ArcelorMittal Nippon Steel, India (AM/NS). The entire deal was executed digitally on the platform.
Edelweiss group partners Indian Bank for co-lending to priority segmentEdelweiss Housing Finance Limited (EHFL) and ECL Finance Limited (ECLF) announce a strategic co-lending agreement for priority sector lending with Indian Bank, one of the largest public sector banks in the country, Edelweiss said in a release.
https://ift.tt/33iKM3s
Post a Comment