Reserve Bank of India imposes monetary penalty on State Bank of India

SBI raises USD 1 billion untied loan with JBIC, other lenders

The State Bank of India signed a loan agreement amounting to up to one billion US Dollars with the Japan Bank for International Cooperation, a company statement said in Mumbai yesterday. The loan is intended to promote the smooth flow of funds for the whole range of business operations of Japanese automobile manufacturers in India. …

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