{"id":101717,"date":"2023-04-19T15:50:00","date_gmt":"2023-04-19T10:20:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=101717"},"modified":"2023-04-19T15:47:50","modified_gmt":"2023-04-19T10:17:50","slug":"biz-indusind-bank-jbic","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-indusind-bank-jbic\/","title":{"rendered":"IndusInd inks USD 100 mn pact with JBIC to help Indian cos buy Japanese construction equipment"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1594912047\"><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>Private sector lender IndusInd Bank on Wednesday said it has entered into a USD 100 million long-term loan agreement with JBIC to facilitate Indian entities interested in buying Japanese construction equipment.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-572614393\"><!-- 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 finance is being done through a special agreement signed with Japan Bank for International Cooperation (JBIC) by the lender&#8217;s branch in the Gift City, as per an official statement.<\/p><p>The lender has entered into a USD 100 million long-term loan agreement with JBIC and the funds thus raised will be used by IndusInd Bank to foster the growth of Japanese construction equipment companies in India through need-based credit facilities, it said.&nbsp; Japan&#8217;s Mizuho Bank, Shizuoka Bank, Singapore, and Joyo Bank of Japan will also co-finance in this facility, it said.&nbsp; IndusInd Bank will provide credit facilities to companies that comprise the supply chain of the Japanese original equipment manufacturers (OEMs) in India, it added.<\/p><p>The programme will cover the component suppliers and dealers of the selected Japanese OEMs and the final buyers of the construction machinery manufactured by those companies, it specified.&nbsp; The bank&#8217;s managing director and chief executive Sumant Kathpalia said its commercial vehicles finance division is one of the largest financiers of Japanese OEMs in India at present, and the bank is aiming to increase its market share through the tie-up.<\/p><div class=\"trade-content_5\" id=\"trade-129908151\"><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>The fund raised will be used for financing companies, which are engaged in strengthening infrastructure. PTI AA DP BAL BAL<\/p><div class=\"trade-after-content\" id=\"trade-1663237884\"><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>Private sector lender IndusInd Bank on Wednesday said it has entered into a USD 100 million long-term loan agreement with JBIC to facilitate Indian entities interested in buying Japanese construction equipment. The finance is being done through a special agreement signed with Japan Bank for International Cooperation (JBIC) by the lender&#8217;s branch in the Gift [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19292,"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-101717","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>IndusInd inks USD 100 mn pact with JBIC to help Indian cos buy Japanese construction equipment - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Private sector lender IndusInd Bank on Wednesday said it has entered into a USD 100 million long-term loan agreement with JBIC to facilitate Indian entities interested in buying Japanese construction equipment.\" \/>\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-indusind-bank-jbic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IndusInd inks USD 100 mn pact with JBIC to help Indian cos buy Japanese construction equipment\" \/>\n<meta property=\"og:description\" content=\"Private sector lender IndusInd Bank on Wednesday said it has entered into a USD 100 million long-term loan agreement with JBIC to facilitate Indian entities interested in buying Japanese construction equipment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-indusind-bank-jbic\/\" \/>\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=\"2023-04-19T10:20:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/indusind-bank-cover.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\/indusind-bank-cover.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-indusind-bank-jbic\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-indusind-bank-jbic\/\",\"name\":\"IndusInd inks USD 100 mn pact with JBIC to help Indian cos buy Japanese construction equipment - 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