HDFC Bank signs agreement with Export Import Bank of Korea for $300 million credit line

HDFC Bank has signed a master interbank credit agreement with the Export Import Bank of Korea for a $300m line of credit. The agreement will allow the bank to raise foreign currency funds, which it will then lend to companies with Korean equity participation or business relationships with Korean firms. The funds could also be directed towards funding requirements of consumers purchasing vehicles made by Korean manufacturers.

from Banking/Finance-Industry-Economic Times https://ift.tt/gb7njzs