The State Bank of India has raised $1 billion from Japan Bank for International Cooperation (JBIC) to extend loans to supply chain of Japanese automobile industry in India.
The India's current account swung to a deficit for the first time in the current fiscal, with the gap coming at $1.7 billion or 0.2 per cent of the GDP in the December quarter.
The India has retained the top spot in terms of digital payments in 2020 with 25.5 billion real-time payment transactions, showed a report by ACI Worldwide and GlobalData.
EXAMIANS