Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.92)


Which bank signed $1 billion loan agreement with JBIC?

[A]. SBI
[B]. PNB
[C]. Union Bank
[D]. Axis Bank

Answer: Option A


State Bank of India (SBI) has signed a loan agreement of up to $1 billion with The Japan Bank for International Cooperation (JBIC). The loan will facilitate the operations of Japanese car companies in India. The financing will assist in Government of India's 'Make in India' initiative.

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