US EditionSri Lanka banks financing Indian firms with excess dollar balances
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Sri Lanka banks financing Indian firms with excess dollar balances
ECONOMYNEXT – Sri Lanka banks are financing Indian business through syndicated loans, using their excess US dollar balances, Prins Perera, Head of Treasury and Investment Banking at DFCC Bank said. Sri Lankan banks, have participated in syndicated loans and financing through the Gujarat International Financial Tec-City (GIFT City) he said. Investing through the GIFT City has some tax advantages, involving withholding tax. “So our message to the …
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