CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank in India has inked a loan agreement with Japan Bank for International Cooperation to extend loans to the supply chain of the Japanese automobile industry?
A
Canara Bank
B
Punjab National Bank
C
Bank of Maharashtra
D
State Bank of India
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: -Q. 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: -National Investment and Infrastructure Fund Limited (NIIF), on Thursday announced the signing of a memorandum of understanding (MoU) with Japan Bank for International Cooperation (JBIC) to promote Japanese investments in India.

Detailed explanation-5: -Japan Bank for International Cooperation (JBIC), an institution wholly owned by the Japanese Government, is a leading public financial institution in the international financial market.

There is 1 question to complete.