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.
The Prime Minister of India Narendra Modi launched the 'Rashtriya Gram Swaraj Abhiyan (RGSA), the 'Transformation of Aspirational Districts' program, under the Ministry of Panchayati Raj.