State Bank of India has signed an agreement with Bank of China to enhance business synergies between both the lenders. Under this, both SBI and BoC will gain direct access to their respective markets of operation.
This agreement will facilitate the clients of both the banks to access banking products and services of each other, which will lead to a mutually beneficial relationship," SBI said in a statement Tuesday.
Exports may grow 7.7% to $86.8 b in Q4: Exim Bank The exports may grow at 7.7 percent to USD 86.8 billion in the fourth quarter of FY19, according to Exim Bank's export leading index.
Non-oil exports may witness a growth rate of 5.1 percent to USD 73.6 billion during the fourth quarter, it showed. The index continued to show a positive growth momentum, the Exim Bank said Tuesday in a statement.
Sewa Grih Rin raises Rs 67 cr
Sewa Grih Rin, an affordable housing finance company of the Self-employed Women's Association (Sewa) group has raised Rs 67 crore through series B funding from investors such as Omidyar Network India, HDFC Life and HDFC Holdings.
Other investors included Oikocredit and Women's World Banking, the company said Tuesday.
Muthoot Capital raises Rs 236 cr via securitization Non-banking finance company Muthoot Capital has completed a Rs 236 crore securitisation of two-wheeler loans.
The company isinto auto-finance business, with two- wheeler and used four-wheeler financing, and has a portfolio of nearly Rs 2,600 crore.
Tecton-Eagle Infra bags Rs 398 cr NMMC contract Tecton Engineering and Construction India, along with its joint venture partner Eagle Infra India, has bagged Rs 398 crore worth sewerage treatment project from the Navi Mumbai Municipal Corporation.
The scope of the project includes treatment of a total of 40 MLD sewage water - 20 MLD each at Koperkhairane and Airoli STP units - to be supplied to the industries at a competitive rate, the company said Tuesday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)