SBI seeks to raise $1.25 billion in India's largest bank loan of 2024: Report

State Bank of India plans to borrow up to $1.25 billion in what would be the largest dollar-denominated loan from the country's financial sector this year, reported Bloomberg. CTBC Bank, HSBC Holdings Plc and Taipei Fubon Bank are reportedly arranging the five-year loan. SBI is raising the facility for general corporate purposes through its branch at Gujarat's GIFT City.