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Sri Lanka : HDFC BANK, CB enter into MoU

August 12, 2014

The premier housing finance bank in the country, HDFC Bank of Sri Lanka has recently inked a Memorandum of Understanding with the Central Bank of Sri Lanka.

The MoU allows HDFC to further diversify its loan portfolio towards dairy development industry.

This latest Commercial Scale Dairy Development Loan Scheme (CSDDLS) will focus medium and large scale entrepreneurs who are involved in dairy development sector.

The bank hopes that the credit facilities at a concessionary rate of interest under this new loan scheme will inspire enhancing productivity of the dairy farmers to convert current subsistence level to the Commercial level. Loans could be secured from the 33 branches of the HDFC Bank situated across the island.

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Source: TendersInfo (India)

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