The State Bank of India (SBI) and Indian Oil Corporation Limited (IOCL) will sign the first Secured Overnight Financing Rate (SOFR) linked external commercial borrowing (ECB) deal. The deal will be signed because the de facto international benchmark reference rate called the London Interbank Offered Rate (LIBOR) will no longer work as the benchmark after December 2021.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
About the agreement:
Important takeaways for all competitive exams:
The Kalpasar Project, officially known as the Gulf of Khambhat Development Project, is one of…
The Indian Association for the Cultivation of Science (IACS), India's oldest scientific research institution, is…
Banks in India collected ₹7,086.63 crore as penalties for non-maintenance of the Minimum Average Balance…
On the occasion of Global Tiger Day 2026, Union Minister for Environment, Forest and Climate…
In a major step to provide employment opportunities to former Agniveers, the Government of India…
Venezuela has formally notified the United Nations (UN) of its decision to withdraw from the…