Amid China President Xi Jinping visit to India, three large Indian banks have signed memorandums of understanding (MoUs) with China Development Bank and Exim Bank of China for strengthening commercial and economic ties between the two neighbours.
India’s largest bank, State Bank of India (SBI), signed a framework agreement for a line of credit (LoC) of $1.8 billion to be offered by the Exim Bank of China. The line of credit will be use for projects involving imports of Chinese raw material, energy, equipment, and mechanical and electronic products, the bank said on Thursday.

Source - http://www.financialexpress.com