{"id":100426,"date":"2023-04-12T15:25:00","date_gmt":"2023-04-12T09:55:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=100426"},"modified":"2023-04-12T15:22:55","modified_gmt":"2023-04-12T09:52:55","slug":"biz-hdfc-bank-pact","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-hdfc-bank-pact\/","title":{"rendered":"HDFC Bank signs agreement with Export Import Bank of Korea for USD 300 million credit line"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2551070718\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>HDFC Bank on Wednesday announced that it has signed a &#8220;Master Inter Bank Credit Agreement&#8221; with Export Import Bank of Korea for a USD 300 million line of credit.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2321143482\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The pact was signed by the two entities at GIFT City in Gujarat&#8217;s capital Gandhinagar on Wednesday, said a release by the HDFC Bank.<\/p><p>This agreement will help HDFC Bank raise foreign currency funds which it would extend to Korea-related businesses, said the release.<\/p><p>&#8220;This line of credit would be utilised by HDFC Bank towards funding requirements of companies having equity participation by Korean companies as well as companies having business relationship with Korean companies,&#8221; it said.<\/p><div class=\"trade-content_5\" id=\"trade-1807118398\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It will also be utilised towards funding requirements of consumers for the purchase of cars manufactured by Korea related companies, said the release.<\/p><p>The pact is likely to promote and increase the HDFC Bank&#8217;s business with Korean entities and products. The first drawdown under the programme would happen by May, said the release.<\/p><p>&#8220;Our agreement with Korean Eximbank will further strengthen and support trade and investment flows between India and Korea, which can potentially create more jobs in the country. We will pursue deals under this agreement and may look to expand the programme,&#8221; said Arup Rakshit, Group Head, Treasury, Sales Analytics and Overseas Business of HDFC Bank.<\/p><p>The signing ceremony was attended by the Export Import Bank of Korea&#8217;s team led by Choun-Jae Lee, Director General, Head of Interbank Finance Department. HDFC Bank was represented by Arup Rakshit and Anand Iyer, Head, GIFT City IBU, among others.<\/p><p>The Export-Import Bank of Korea (Korea Eximbank) is an official export credit agency of South Korea having a balance sheet size of close to USD 100 billion, which provides export-import and overseas investment credit to support Korean enterprises conducting business overseas, the release said. PTI PJT HVA<\/p><div class=\"trade-after-content\" id=\"trade-2640349562\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>HDFC Bank on Wednesday announced that it has signed a &#8220;Master Inter Bank Credit Agreement&#8221; with 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&#8217;s capital Gandhinagar on Wednesday, said a release by the HDFC Bank. This agreement [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":13963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-100426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HDFC Bank signs agreement with Export Import Bank of Korea for USD 300 million credit line - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"HDFC Bank on Wednesday announced that it has signed a &quot;Master Inter Bank Credit Agreement&quot; with Export Import Bank of Korea for a USD 300 million line of credit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-hdfc-bank-pact\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HDFC Bank signs agreement with Export Import Bank of Korea for USD 300 million credit line\" \/>\n<meta property=\"og:description\" content=\"HDFC Bank on Wednesday announced that it has signed a &quot;Master Inter Bank Credit Agreement&quot; with Export Import Bank of Korea for a USD 300 million line of credit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-hdfc-bank-pact\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-12T09:55:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/HDFC-Bank-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/HDFC-Bank-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-hdfc-bank-pact\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-hdfc-bank-pact\/\",\"name\":\"HDFC Bank signs agreement with Export Import Bank of Korea for USD 300 million credit line - 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