CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which bank signed $1 billion loan agreement with JBIC?

A	SBI
B	PNB
C	Union Bank
D	Axis Bank

Explanation:

Detailed explanation-1: -State Bank of India (SBI) has signed a loan agreement amounting to up to $ 1 billion with Japan Bank for International Cooperation (JBIC).

Detailed explanation-2: -SBI raises $1 billion loan with Japan Bank for International Cooperation | Mint.

Detailed explanation-3: -Which bank has partnered with Japan’s JBIC to extend loans to Japanese automobile manufacturers in India? Notes: India’s largest lender State Bank of India (SBI) announced that it has signed a loan agreement of up to USD 1 billion with Japan Bank for International Cooperation (JBIC).

Detailed explanation-4: -JBIC provides loans in cofinancing with other financial institutions (usually the loan applicant’s bank(s)) to meet the client’s financial needs.

Detailed explanation-5: -Toshihiko Kurihara - Chief Representative - Japan Bank for International Cooperation | LinkedIn.

There is 1 question to complete.