In a recent revelation, the State Bank of India is planning to borrow some money, up to 1.25 billion dollars. Although SBI did not respond when seeking comment, according to reports, SBI, the largest Indian bank, is securing a loan for general business purposes. SBI is also working in collaboration with other financial institutions to provide this loan. Other than that, local financier Union Bank of India’s Sydney branch is marketing a $125 million ($81 million) three-year loan, and Bank of Baroda is raising a $750 million borrowing. According to data compiled by Bloomberg, in July, State Bank raised a $750 million, three-year loan.

Source: News 24 November 15, 2024 13:17 UTC