Market NewsNewsIndian banks exit diamond financing Antwerp

Indian banks exit diamond financing Antwerp

Small diamantaires and merchants purchasing rough diamonds from rough diamond dealers in Antwerp are staring at tough days ahead following the exit of Indian banks from diamond financing in Belgium, Times of India reported

While the Union Bank of India exited last year from Belgium, the ICICI Bank has recently decided to close its Antwerp branch giving a big jolt to industry players, the Times of India report said. 

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