HONG KONG, Nov 23 (Basis Point) - Bank of Taiwan Tokyo and Chinatrust Commercial Bank Tokyo have clubbed a US$40m one-year term loan for the Osaka branch of State Bank of India, according to sources.
BOT has provided US$30m and Chinatrust has committed US$10m, sources said. Sources said the margin is at around 140-150bp over three-month Libor. (Reporting by Sandra Tsui; Editing by Gavin Stafford)
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Punjab National Bank, India's fourth-biggest state-run lender by assets, reported on Tuesday its fiscal third-quarter profit fell 93 percent as provisions for bad loans jumped. Its shares fell more than 6 percent after the results. Full Article