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SBI receives $500 million loan from Korean EXIM Bank

14 Jan 2016 Evaluate

In a bid to help fund companies from the East Asian nation setting up units in India, State Bank of India (SBI) has received $500 million loan from Korean EXIM Bank. This Line of Credit will help SBI arrange long term foreign currency funds to finance Korean Companies setting up manufacturing unit.

The country’s largest lender has also opened its first branch in South Korea. The Seoul branch is expected to play an important role in strengthening economic partnership between the two nations.

 

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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