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An agreement has been signed by SBI and Spain’s CaixaBank for providing loans to Indo-Spanish joint ventures and local enterprises.
SBI has said in a statement that as per the agreement, they will expand bank’s guarantee transaction business by jointly providing credit to Indian-Spanish joint ventures and Indian local enterprises.
It further said that “The banks will also cooperate through introduction of business opportunities and partnering on possible infrastructure funds.”
The banks will be collaborating in areas of mutual interest like syndicated loan business, guarantee transactions, trade finance and export credit agency finance, infrastructure finance and networking services, among others.
