Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1125)

2020-10-30 Banking

1125.

Which bank signed $1 billion loan agreement with JBIC?

SBI

PNB

Union Bank

Axis Bank

Answer: Option

Explanation:

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.