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 Former Union Minister Dinesh Trivedi has been appointed as the India's High Commissioner to…
Glaciers are large masses of ice that take many years to form, but today they…
Union Cabinet chaired by Honorable Prime Minister of India Narendra Modi has approved the extension…
To strengthen the county's semi-conductor system the foundation stone for the India's first advanced 3D…
Mountains cover nearby one-fourth of the Earth's land and play an important role in nature…
To strengthen the India's maritime security and trade resilience the Union Cabinet which led by…