Question

State Bank of India secured loan of USD1 billion from which of these international body? 

A JBIC (Japan Bank for International Co-operation) Correct Answer Incorrect Answer
B Mitsubishi UFJ Financial Correct Answer Incorrect Answer
C Japan Post Bank Correct Answer Incorrect Answer
D Shinkin Central Bank Correct Answer Incorrect Answer
E The Norinchukin Bank Correct Answer Incorrect Answer

Solution

India’s largest bank the State Bank of India has raised a loan of $1 billion from Japan Bank for International Co-operation in October 2020 to extend loans to supply chain of Japanese automobile industry in India.

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