HDFC Bank signs with Export-Import Bank of Korea for $300 million

  • HDFC Bank has signed a “Master Inter Bank Credit Agreement” with the Export-Import Bank of Korea for a USD 300 million line of credit.
  • The pact was signed by the two entities at GIFT City in Gujarat’s capital Gandhinagar, Gujarat.
  • It will help bank to raise foreign currency funds which it would extend to Korea-related businesses.
  • It can be utilized towards funding requirements of consumers for the purchase of cars manufactured by Korean companies.