Current Affairs-Date

Current Affairs-Topics

PYQ & Syllabus

All Mock Test

SSC CGL

NABARD

Insurance

RBI Assistant

SSC CHSL

IBPS PO

SBI PO

CAPF

Current Affairs-Topics

SBI's $1.25 Billion Loan: India's Largest Loan of 2024

The Indian financial sector has secured a $1.25 billion loan from Gujarat International Finance Tec-City, marking the first major dollar loan from the sector in 2024.

Loan Specification Details

Total loan amount: $1.25 billion
Duration: Five years
Interest margin: 92.5 basis points over SOFR
Arranged by: CTBC Bank, HSBC, Taipei Fubon Bank
Location: Gujarat International Finance Tec-City
Purpose: General corporate requirements
First major dollar loan from Indian financial sector in 2024

Borrowing Landscape

India's dollar loan volume dropped 27% to $14.2 billion
Decline attributed to lack of large corporate borrowings
Other financial institutions also seeking foreign currency loans:
- Cholamandalam Investment: $300 million syndicated loan
- Union Bank of India: A$125 million three-year loan
- Bank of Baroda: $750 million borrowing
Non-banking finance companies leading foreign currency debt raising
Stricter domestic regulations driving international borrowing

Strategic Context

SBI's previous international loan: $750 million in July
Part of broader trend of Indian financial institutions seeking global funding
Demonstrates adaptability in challenging financial environment
Indicates strategic approach to managing corporate financial needs
Reflects global financial market interconnectedness
Highlights India's growing financial sophistication

India Africa Trade Milestone 2025

India and Africa have recently marked a significant achievement in their bilateral trade relations, as Union Minister Kirti Vardhan Singh announced that India-Africa trade has crossed USD 100 bill

RBI Reveals Inflation Rate in India 2025

The Inflation rate in India in 2025 is a critical indicator for understanding how prices of goods and services are changing across the country. Recently, the Reserve Bank of India (RBI) launched t

India's Crude Oil Imports July 2025

India's crude oil imports have fallen sharply to an 18-month low in July 2025, marking a significant shift in the country’s petroleum trade dynamics. According to the Petroleum Planning

India’s Q1 GDP Estimate

India’s economy continues to show signs of robust recovery, and India’s Q1 GDP estimate for FY26 reflects this positive momentum. According to economists, the country is projected to g

Asset Monetisation India 2025

In a significant step to boost infrastructure funding, the Indian government has successfully raised ₹1,42,758 crore through Asset Monetisation India till FY25. This strategic move ensures that

India UK-FTA 2025

The India-United Kingdom Comprehensive Economic and Trade Agreement (CETA) 2025, widely known as the India-UK FTA 2025, marks a significant milestone in strengthening bilateral trade relations. Th

US Secondary Tariffs on India

The 2025 US-Russia summit in Alaska concluded without a ceasefire agreement for Ukraine. While Russian President Vladimir Putin emerged politically stronger, US President Donald Trump offered no i

WPI Inflation India July 2025

India’s Wholesale Price Index (WPI) inflation has been a key economic indicator closely monitored by policymakers, economists, and students preparing for competitive exams like SSC. For July

RBI Guidelines on AI in Financial Services

Artificial Intelligence (AI) in Financial Services is transforming financial services globally, and India is no exception. From fraud detection to credit underwriting, AI in Financial Services is

PLI Scheme Electronics Exports

India’s electronics exports have witnessed remarkable growth in recent years, reflecting the country’s emergence as a global manufacturing powerhouse. According to Union Commerce and I

Toppers

Current Affairs-Date

Current Affairs-Topics

PYQ & Syllabus

Current Affairs-Topics

SBI's $1.25 Billion Loan: India's Largest Loan of 2024

Needs Help !

Preparing for UPSC or State PSCs ?