Asian Development Bank and HSBC India have signed an agreement to establish a USD 100 million partial guarantee programme to support more than 4,00,000 micro-borrowers and mostly women-run micro-enterprises across India.
State Bank of India (SBI) has raised 3-year funds of $500 million (over Rs 3,800 crore) through a syndicated loan facility at "very fine pricing" through its IFSC Gift City branch.