The country’s largest lender, State Bank of India, inked a pact to raise a $1-billion loan from Japan Bank for International Cooperation (JBIC) and other Japanese lenders like SMBC, MUFG Bank, and Mizuho Ban. Out of $1 billion, $600 million will be financed by JBIC and $400 million by other participating banks. JBIC will provide a guarantee for the portion co-financed by participating banks. This is a five-year bilateral loan
State Bank of India raises $1 billion from JBIC, other Japanese lenders
Date posted: Friday 30 October 2020