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Srei Equipment Finance to co-lend with Syndicate Bank

Press Trust of India  |  Kolkata 

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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 21 2019. 16:30 IST
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