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.
PTI
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Srei Equipment Finance, 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.First Published on Feb 21, 2019 04:32 pm
