October 28, 2020 11:03 pm | Updated 11:03 pm IST - MUMBAI
HYDERABAD, Telangana, 07/05/2020: An aged woman arrives in rickshaw at the SBI, Golnaka branch, to withdraw the state government relief of Rs.1500 to support people below poverty line during the lockdown, in Hyderabad on Thursday. Photo: G. Ramakrishna / The Hindu
SBI inks $1 billion
loan pact with JBIC
State Bank of India has signed a loan agreement for up to $1 billion with the Japan Bank for International Cooperation (JBIC). The loan is to promote smooth flow of funds for the whole range of business operations of Japanese automakers and their dealers in India. While $600 million will be financed by JBIC, $400 million will be from other participating banks.
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