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Question

The country's largest lender, State Bank of India, has raised ____ in its largest syndicated social loan for onward lending to ESG projects, affordable housing and self-help groups .

A $2.5 billion Correct Answer Incorrect Answer
B $2 billion Correct Answer Incorrect Answer
C $1.5 billion Correct Answer Incorrect Answer
D $1 billion Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

   The country's largest lender, State Bank of India, has raised $1 billion in its largest syndicated social loan for onward lending to ESG projects, affordable housing and self-help groups (SHGs). The deal was the largest Environmental, Social, and Governance (ESG) loan by a commercial bank in the Asia Pacific and the second largest social loan globally.

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