The National Highways Authority of India (NHAI) signed an MoU with the State Bank of India (SBI) for getting Long Term Unsecured Loan of Rs 25000 crore for 10 years with 3 years of moratorium on repayments. This is the SBI’s highest long-term unsecured loan to any entity.
Moreover, this is the largest amount of loan to have been sanctioned to NHAI in one stroke by any institution. SBI offered the loan to the NHAI in response to the Expression of Interest invited by the latter from Scheduled Commercial Banks to fund Rs 25000 Crore as an unsecured loan for 10 years with 3 years of moratorium on repayments.
Source- The Indian Express