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SBI raises $1 billion from MUFG via social loan
State Bank of India has secured a significant $1 billion loan from Japan's MUFG. This marks the first social loan of its kind for an Indian bank. The funds are earmarked for lending to women and women-led businesses. This initiative aims to boost women's economic empowerment and promote gender equality.
Sources: Economic Times - Banking, Hindu, NDTV +13 more
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