India, Oct. 12 -- CreditAccess Grameen has signed USD 175 million syndicated social loan facility, qualifying as ECB ('External Commercial Borrowing') under the automatic route of the Reserve Bank of India (RBI). Standard Chartered Bank and DBS Bank acted as the Joint Mandated Lead Arrangers and Bookrunners.Despite global macroeconomic uncertainties and heightened competition in the ECB market from FCNR (B) deposits mobilisation, the syndication transaction received strong response coupled with competitive loan pricing and secured participation from ten financial institutions across Asia and the Middle East & Africa regions. In addition to the anchor contributions from Standard Chartered Bank (Singapore) and DBS Bank (GIFT City), other part...