China Eximbank Pledges $1.8 billion Credit Line to State Bank of India (Linked to Record ID#42665)

$1.8M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	State Bank of India (SBI)
Country	India
Start Date	Sep 18, 2014
End Date	Sep 21, 2028
Duration	5,117 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`42664`

Grant Description

China EXIM Pledges $1.8B Credit Line to State Bank of India On September 18, 2014, during Chinese President Xi Jingping's visit to India, the Export Import Bank of China signed a framework agreement with the State Bank of India (SBI), India's largest lender, to extend a $1.8 billion line of credit for projects including those importing Chinese products.

This record is linked to Record #42665, a $1 billion credit line signed with ICICI during the same time.

📚 Sources & References

Factbox: Key trade, business announcements during China Xi's India visit
China talks business, enters into pacts, 12 Things to know about the India-China Dialogue
India
China sign 5-year trade, economic deal, 2014 & 2015 China Information Sheet
SBI
Exim Bank of China ink pact for $1.8-bn line of credit
SBI
Exim Bank of China ink pact for $1.8 billion line of credit Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.