Recent Context: In 2023, Country’s largest lender State Bank of India (SBI) concluded a $1 billion syndicated social loan facility. Shriram Finance raised multi- currency loan of $468 million via ECB in January, 2024. This is the largest widely syndicated loan transaction for a private NBFC from India in recent years. A syndicated loan is a form of financing that is offered by a group of lenders. Syndicated loans arise when a project requires too large a loan for a single lender or when a project needs a specialized lender with expertise in a specific asset class. Syndicating allows lenders to spread risk and take part in financial opportunities that may be too large for their individual capital base. Syndicated loans involve large sums, which allows the risk to be spread out among several financial institutions to mitigate the risk in case the borrower defaults. Lenders are referred to as a syndicate, which works together to provide funds for a single borrower. Hence statement-I is correct. The borrower can be a corporation, a large project, or a sovereign government. The loan can involve a fixed amount of funds, a credit line, or a combination of the two. Hence statement-II is not correct.