TryGOLD- Free

SBI seeks record $1.25 bn in 5-yr loan
Business Standard|November 16, 2024
State Bank of India (SBI) plans to borrow up to $1.25 billion, in what would be the largest dollar-denominated loan from the country's financial sector this year, according to people familiar with the matter.
SBI seeks record $1.25 bn in 5-yr loan

CTBC Bank, HSBC Holdings Plc, and Taipei Fubon Bank are arranging the five-year loan, which carries an interest margin of 92.5 basis points over the risk-free secured overnight financing rate, said the people, who asked not to be identified discussing private matters.

This story is from the November 16, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

SBI seeks record $1.25 bn in 5-yr loan
Gold Icon

This story is from the November 16, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Earnings Downgrades a Worry for Siemens India Amid Muted Q3 Showing
Business Standard

Earnings Downgrades a Worry for Siemens India Amid Muted Q3 Showing

Siemens India reported financials for the December quarter after a demerger of the company's energy segment.

time-read
2 mins  |
February 14, 2025
'Scary smart' Grok 3 coming in a week or two
Business Standard

'Scary smart' Grok 3 coming in a week or two

Elon Musk said on Thursday his AI chatbot, and ChatGPT challenger, Grok 3, is in the final stages of development and will be released in about a week or two.

time-read
1 min  |
February 14, 2025
Musk Calls For US Govt To 'Delete Entire Agencies'
Business Standard

Musk Calls For US Govt To 'Delete Entire Agencies'

Elon Musk called on Thursday for the United States to \"delete entire agencies\" from the federal government as part of his push under President Donald Trump to radically cut spending and restructure its priorities.

time-read
1 min  |
February 14, 2025
Ex-CJI Chandrachud defends Article 370 ruling in BBC interview
Business Standard

Ex-CJI Chandrachud defends Article 370 ruling in BBC interview

Former Chief Justice of India, DY Chandrachud, has defended his ruling on the revocation of Article 370, saying its inclusion in the Constitution was always intended as a \"transitional provision\".

time-read
1 min  |
February 14, 2025
SJVN net swells 7% to ₹149 cr
Business Standard

SJVN net swells 7% to ₹149 cr

State-owned SJVN Ltd on Thursday posted a 7 per cent rise in consolidated net profit to ₹148.75 crore in the December quarter on the back of higher revenues.

time-read
1 min  |
February 14, 2025
Ashok Leyland in driver's seat after impressive Q3
Business Standard

Ashok Leyland in driver's seat after impressive Q3

Expanding exports, tapping into EV orders vital for stock's trajectory

time-read
2 mins  |
February 14, 2025
No extension of duty-free import of yellow peas
Business Standard

No extension of duty-free import of yellow peas

Food Minister Prahlad Joshi on Thursday said the government will not extend duty-free import of yellow peas beyond February this year to protect the interest of farmers.

time-read
1 min  |
February 14, 2025
Common carrier rule opens new avenues for MGL
Business Standard

Common carrier rule opens new avenues for MGL

Mumbai-headquartered Mahanagar Gas (MGL) is looking to make the most of the new amendments to the Petroleum and Natural Gas Regulatory Board (PNGRB) Act, 2006, aimed at ending the monopoly of existing city gas distributors (CGDs) in their respective areas.

time-read
2 mins  |
February 14, 2025
AI Needs Talent, Not Factories—India Has Both: Thrun
Business Standard

AI Needs Talent, Not Factories—India Has Both: Thrun

Sebastian Thrun, a pioneer in artificial intelligence (AI), robotics, and self-driving cars, sees an exciting and huge opportunity for India in AI.

time-read
2 mins  |
February 14, 2025
FPI Selloff Leads to Worst Market Start in Nearly 10 Years
Business Standard

FPI Selloff Leads to Worst Market Start in Nearly 10 Years

India records the highest FPI equity sales among EMs

time-read
2 mins  |
February 14, 2025

We use cookies to provide and improve our services. By using our site, you consent to cookies. Learn more