Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

BEML and Syndicate Bank Sign MoU to Book Business Worth Rs 100 Crore

The customers under the tie-up arrangement will be provided loans in the range of Rs 20 Lakh to Rs 300 Lakh and preferential pricing by Syndicate Bank.

PTI

Updated:April 22, 2019, 11:54 PM IST
facebookTwitter Pocket whatsapp
BEML and Syndicate Bank Sign MoU to Book Business Worth Rs 100 Crore
File photo of Syndicate Bank ATM.

Bengaluru: Syndicate Bank and BEML Limited, a 'Miniratna' Public Sector Undertaking, have signed an MOU for financing Earth Moving and Construction Equipment manufactured by BEML.

Syndicate Bank and BEML expect to book business worth Rs 100 crore, by March 2020. Under the MOU, BEML will nominate Syndicate Bank as a preferred financier for financing its customers, BEML said.

The customers under the tie-up arrangement will be provided loans in the range of Rs 20 Lakh to Rs 300 Lakh and preferential pricing by Syndicate Bank, it said in a release.

Syndicate Bank and BEML expect to book business worth Rs.100 crore by March 2020 under this window, it said.

The MOU was signed in the presence of Ajay Vipin Nanavati, Chairman, Syndicate Bank and Deepak Kumar Hota, CMD, BEML Limited and Mrutyunjay Mahapatra, MD & CEO, Syndicate

Bank, it said.

"The signing of the MOU with Syndicate Bank will facilitate the availability of loans and address the growing demand for higher capacity equipment in the Mining Industry.

This will also give a fillip to the mining & construction industry in its drive towards mechanisation," Hota said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Yes Bank 46.85 -7.32
SBI 313.85 0.14
TCS 2,026.25 0.67
Indiabulls Hsg 268.35 -0.50
Reliance 1,563.90 0.12
Company Price Change %Gain
Reliance 1,564.55 0.15
Yes Bank 46.85 -7.32
HDFC 2,300.00 0.23
SBI 313.95 0.16
Indiabulls Hsg 268.40 -0.24
Top Gainers
Company Price Change %Gain
Zee Entertain 276.10 1.90
Bharti Infratel 258.75 1.83
Bajaj Finserv 9,071.00 1.61
GAIL 112.55 1.35
IOC 124.20 1.35
Company Price Change %Gain
Bajaj Finance 4,039.50 1.31
ONGC 126.60 1.16
ITC 237.95 1.08
Tech Mahindra 753.75 1.14
HCL Tech 547.80 0.64
Top Losers
Company Price Change %Gain
Yes Bank 46.85 -7.32
Power Grid Corp 178.90 -2.11
Hero Motocorp 2,293.60 -1.56
Cipla 448.50 -1.00
UPL 553.15 -0.82
Company Price Change %Gain
Yes Bank 46.85 -7.32
Power Grid Corp 179.00 -2.05
Hero Motocorp 2,296.75 -1.44
Bharti Airtel 445.80 -0.28
HUL 2,018.00 -0.35

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results