Srei Equipment Finance Limited, a wholly owned subsidiary of Srei Infrastructure Finance, has tied up with state-owned Syndicate Bank to jointly provide financing for construction and farm equipment.
Under the arrangement, Syndicate Bank would leverage on its low-cost funds and co-lend equipment loans with Srei at a mutually agreed rate, a company statement said on Thursday.
The arrangement had been done under the aegis of Reserve Bank of India, the statement added.