IDLC, India's SBI Capital form strategic alliance
Industrial Development Leasing Company (IDLC) of Bangladesh Ltd, a non-banking financial institution and merchant banker, has formed a strategic alliance with SBI Capital Markets Ltd, a subsidiary of State Bank of India.A memorandum of understanding to this effect was signed Sunday in Dhaka between the two organisations, says a press release. Anis A Khan, chief executive officer and managing director of IDLC, and Indrajit Gupta, CEO and MD of SBI Capital, signed the deal.
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