State Bank Of India

National Highways Authority of India (NHAI) has entered into a memorandum of understanding (MoU) with State Bank of India (SBI) for a Term Loan facility of Rs 25000 crore. A comprehensive Memorandum of Undertaking was also signed between NHAI and SBI to strengthen the existing relationship and to develop cooperation in financial services on the basis of mutual interest.

Earlier, NHAI had invited an Expression of Interest (EoI) from scheduled commercial banks for the long-term loan and following this, SBI agreed to fund the entire requirement of Rs 25,000 crore based on one month MCLR.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.