business sbi raises 1 bn in syndicated dollar loan

Sbi Raises $1 Bn In Syndicated Dollar Loan

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State Bank of India secured a $1 billion dollar-denominated syndicated loan, marking the largest such loan this year from India. Despite a struggling foreign-currency debt market, this move may signal a reversal, with Reliance Industries seeking a $3 billion loan. Non-banking financial companies are also increasingly exploring dollar-denominated funding options.

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