Indian State Banks Eye $2 Billion in Overseas Loans

Finance

EnglishEnglish

Indian State Banks Eye $2 Billion in Overseas Loans

A trio of Indian state banks is on the hunt for a whopping $2 billion in overseas loans, all thanks to a nifty central bank deal. The Small Industries Development Bank is aiming for $1 billion, while two other banks are each looking to snag $500 million. They want to keep borrowing costs below 7 percent to help small businesses and farms as the economy takes a breather.

|