SBI seeks $1.25 bn in country's largest dollar-denominated bank loan of '24

Q: How long will it take to read this news story?

The story "SBI seeks $1.25 bn in country&#039;s largest dollar-denominated bank loan of &#039;24" has 289 words across 14 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "SBI seeks $1.25 bn in country&#039;s largest dollar-denominated bank loan of &#039;24" was covered 4 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 233 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23597365</li><li>URL: https://beamstart.com/news/sbi-seeks-125-bn-in-17316438779182</li></ul>

Business Standard Logo Business Standard 4h ago

SBI seeks $1.25 bn in country's largest dollar-denominated bank loan of '24 - Business Standard

Quick Summary:

Non-banking finance companies, or so-called shadow banks, in particular have increasingly tapped dollar-denominated facilities amid stricter regulations at home.

Cholamandalam Investment & Finance Co.is the latest Indian non-banking finance company to seek a $300 million syndicated term facility.

State Bank joins several other local borrowers in raising foreign currency debt this year.