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3 pvt banks allowed to provide services for defence procurement
short by Ananya Goyal / on Thursday, 7 July, 2022
The Centre has allowed three private-sector banks, HDFC Bank, ICICI Bank and Axis Bank, to provide financial services for overseas procurement by the Defence Ministry. Until now, only public-sector banks were allowed to offer these services. The banks may be allocated with LC business of ₹2,000 crore for one year, each on the capital and revenue side, the ministry said.
read more at Free Press Journal