 "SBI")
Country’s largest lender, State Bank of India, has raised $1 billion from Japan Bank for International Cooperation (JBIC) to extend loans to supply chain of Japanese automobile industry in India.
SBI signed a loan agreement with JBIC, taking the total facility to $2 billion. It has inked similar agreement for $1 billion in October 2020, SBI said in a statement. Bank did not disclose terms of agreement including tenure and interest charged for loan facility.
The virtual signing ceremony event was held in the presence of Dinesh Khara, Chairman, SBI along with senior executives of SBI, Hayashi Nobumitsu,
SBI signed a loan agreement with JBIC, taking the total facility to $2 billion. It has inked similar agreement for $1 billion in October 2020, SBI said in a statement. Bank did not disclose terms of agreement including tenure and interest charged for loan facility.
The virtual signing ceremony event was held in the presence of Dinesh Khara, Chairman, SBI along with senior executives of SBI, Hayashi Nobumitsu,
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