IFC extends $150 million credit line to SBI in first investment in an Indian state-owned bank

The International Finance Corporation has extended a $150 million social loan to State Bank of India to support agricultural financing for around 864,000 rural women. The IFC has also executed its first domestic cross-currency swap with an Indian bank, making SBI its first local swap counterparty in South Asia.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/YpOFQlj
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