SBI inks $1-bn loan agreement with Japan Bank for International Cooperation

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SBI inks $1-bn loan agreement with Japan Bank for International Cooperation

In order to extend loans to the supply chain of the Japanese automobile industry in the country, the State Bank of India (SBI) raised $1 billion from the Japan Bank for International Cooperation (JBIC). Prior to this, SBI signed a loan agreement of $1 billion in October 2020 with JBIC.

Purpose:

  • To extend loans to supply chain of Japanese automobile industry in India.

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About State Bank of India –

Chairperson: Dinesh Kumar Khara
Headquarters: Mumbai
Founded: 1 July 1955

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About Japan Bank for International Cooperation (JBIC) –

Headquarters: Tokyo, Japan
President : Tadashi Maeda
CEO: Tadashi Maeda
Founded: 1 October 1999

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