SBI is set to secure the largest dollar-denominated loan from India's financial sector in 2024, with a value of up to $1.25 billion.
This move reflects SBI's strategic efforts to strengthen its financial position in a competitive market.
CTBC Bank, HSBC Holdings Plc, and Taipei Fubon Bank are arranging the five-year loan. The loan will have an interest margin of 92.5 basis points above the risk-free Secured Overnight Financing Rate.