SBI signs €100 mn loan pact with European Investment Bank
.jpg)
Mumbai: State Bank of India (SBI) on Friday said it has signed a loan agreement for €100 million with the European Investment Bank (EIB), a long-term lending institution of the European Union.
The loan will be utilised for lending to private businesses in India, SBI said in a statement.
“This is third tranche of a total sanction of €200 million by EIB. A first tranche of €55 million and second tranche of €45 million were signed on 25 June, 2014 and 28 November, 2014 respectively,” SBI said in a statement.
The agreement, which was signed on 19 January, was facilitated by SBI Capital Markets.
The loan will be utilised to support the private sector’s development—in particular small and medium-sized enterprises, social and economic infrastructure as well as climate change mitigation and adaptation in India.
The EIB funds will be earmarked for financing projects across a broad range of sectors, including manufacturing, as well as wholesale and retail trade and services, the statement said.
Other Latest News
.webp)
Bharti Airtel is not in talks to buy UK-based Vodafone Group's 21.05 per cent stake in Indus Towers, the Indian telecom operator said on Wednesday, after a newspaper reported that it was eyeing the stake.
The Economic Times said in a report that if the deal went through, Vodafone Group could infuse some of the proceeds into Vodafone Idea, its cash-strapped Indian venture with Aditya Birla Group.
.webp)
Lithium battery and solar panels manufacturer RCRS Innovations Ltd on Tuesday said it has filed draft papers with NSE Emerge to mop-up funds through an initial public offering (IPO) and the proceeds will be used to fund its expansion plan.
The Noida-headquartered company's proposed IPO is a fresh issuance of 48.24 lakh equity shares with a face value of Rs 10 each, according to a statement.
.webp)
The Ministry of Heavy Electricals (MHI) announced on Tuesday that seven bids had been received under a global tender for the rebidding of Production Linked Incentives (PLI) aimed at supporting the manufacturing of Electric Vehicle (EV) batteries, specifically 10 GigaWatt hours (GWh) Advanced Chemistry Cells (ACC).
The bidders, comprising ACME Cleantech Solutions Private Limited, Amara Raja Advanced Cell Technologies Private Limited, Anvi Power Industries Private Limited, JSW Neo Energy Limited, Reliance Industries Limited, Lucas TVS Limited.
.webp)
Air India has entered into a codeshare partnership with Japan's All Nippon Airways.
With the codeshare, effective for travel from May 23, Air India and All Nippon Airways passengers can fly to their desired destination by combining those flights between India and Japan with a single ticket.
.webp)
Karnataka Chief Minister Siddaramaiah on Tuesday staged a dharna here protesting against the delay in release of drought relief funds by the Centre and criticised Prime Minister Narendra Modi and Home Minister Amit Shah over the issue.
Siddaramaiah said the protest -- held in front of the Mahatma Gandhi statue on the premises of Vidhana Soudha which houses the Legislature and State Secretariat -- was aimed at drawing public attention towards the "injustice" done to Karnataka and its people by the BJP-led government at the Centre.
.webp)
.webp)
.webp)
.webp)
.webp)
