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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1052.90
23.50 (2.28%) SBI raises $1 billion loan from JBIC to help COVID-hit Japanese auto manufacturers in India
Date: 31-03-2021State Bank of India (SBI) has raised an additional $1 billion (around Rs 7,350 crore) loan from Japan Bank for International Cooperation (JBIC) to help COVID-hit Japanese auto manufacturers in India. In October 2020, SBI had signed an agreement to raise a loan of $ 1 billion and the latest borrowing takes the total quantum of loans raised from JBIC to $ 2 billion.
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.