Home News Industry News SBI, Sidbi sign pacts with Japanese finance institutions

    SBI, Sidbi sign pacts with Japanese finance institutions

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    SBI, Sidbi inks pacts

    SBI, Sidbi inks pactsState Bank of India (SBI) and Small Industries Development Bank of India (Sidbi) signed separate agreements with Japanese development finance institutions to lend to Indian companies and fund projects. Sidbi signed about US$290 million loan agreement with the Japan International Cooperation Agency (Jica) to lend to small enterprises for an energy saving project in India. SBI signed an agreement to set up an export credit line with Japan Bank for International Cooperation (JBIC) and Bank of Tokyo-Mitsubishi UFJ Ltd, totalling US$152 million. It is a dual currency credit line worth US$130 million and US$21 million.

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