India’s largest lender, State Bank of India, has raised $1 billion from Japan Bank for International Cooperation (JBIC) to extend loans to the supply chain of the Japanese automobile industry in India. The loan is in the form of refinancing against the funding support provided to the manufacturers, suppliers and dealers of Japanese automobiles in India.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
This collaboration between SBI and JBIC will help the bank in extending loan facility to the entire supply chain at a time when people are preferring a personal mode of transport. Now the total loan facility between SBI and JBIC has become $2 billion. Earlier in October 2020, SBI inked a similar agreement for $1 billion with JBIC.
Important takeaways for all competitive exams:
The IPL Auction 2026 witnessed a historic moment as Prashant Veer and Kartik Sharma emerged…
The Filmfare OTT Awards 2025, held in Mumbai on December 16, 2025, honoured the finest…
India is set to expand its polar research footprint with Maitri II, a next-generation research…
The IPL mini-auction witnessed history when Australian all-rounder Cameron Green attracted a staggering INR 25.2…
In an important development in India’s banking sector, HDFC Bank has received approval from the…
The IPL Auction 2026 created history as bidding wars reached unprecedented heights, reaffirming the Indian…