Business

SBI Concludes $1 Billion Syndicated Social Loan Facility

State Bank of India (SBI) today has announced the completion of a $1 billion syndicated social loan facility. This loan is the bank’s inaugural social loan and the first syndicated loan in the past five years.

The deal is the largest ESG (environment, social, and governance) loan by a commercial bank in the Asia Pacific and the second largest globally.

SBI Chairman Dinesh Khara said, “As a responsible and sustainable organization, we are committed to conducting our business operations with the highest standards of Environmental, Social, and Governance (ESG) practices. Issuance of our first social loan embodies our commitment to ESG driven by our belief that our long-term success depends not only on our financial performance but also on our ability to make a positive impact on the environment, on society, and on our stakeholders”.

Finance Minister Nirmala Sitharaman said, “Our regulators are very stringent about governance practices and have kept our markets in prime condition. The Indian banking system is at a comfortable level”.

She further said, “Both SBI and Life Insurance Corporation (LIC) have issued detailed statements with respect to their exposure, and said that their exposure was well within permissible limits”.

The $1 billion facility has been arranged through MLABs, MUFG Bank, and Taipei Fubon Commercial Bank.

MUFG and Taipei Fubon Commercial Bank are the joint social loan coordinators while MUFG is the lead social loan coordinator for this transaction.

“The issuance witnessed overwhelming participation from banks across Taiwan, Japan, China, and the Middle East, ensuring a full subscription”, said the lender.

Also read: Divgi TorqTransfer Systems IPO Opens On March 1

Spriha Rai

Recent Posts

Hina Khan Hails 11 Years Of PM Modi’s Leadership; Highlights National Progress

As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…

5 hours ago

Subhash Ghai Hails PM Modi’s Transformative Vision For India

Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…

5 hours ago

India & Central Asia Boost Rare Earth Cooperation At Delhi Meet

India and five Central Asian nations have agreed to deepen cooperation on rare earths and…

6 hours ago

PM Modi’s Beej Se Bazaar Tak Vision Reshapes Indian Agriculture

Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…

6 hours ago

EV Sales Cross 4% Mark In May; Signalling Steady Shift To Green Mobility

EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…

7 hours ago

Self-Reliant Defence Industry Marks India’s Strategic Security Ascent

One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…

7 hours ago