India's top most lender SBI stands amongst the four Indian banks which have registered their names in the list of top five banks in Asia Pacific region to have arranged syndicated loans in 2010.

"Amongst Asia-Pacific countries, Indian entities have been most active in raising funds mostly from infrastructure projects in the power and airports segments. Small amounts were raised for creating industrial capacities by corporates," a senior executive of a large public sector bank quoted.

A syndicated loan is a type of loan provided by a group of lenders and which is arranged and managed by one or more commercial banks or investment banks known as arrangers.

Arrangers serve as investment bankers at the basic level by arranging for investor funds for the issuer who is in need of capital.

The four Indian banks in the top list are State Bank of India, IDBI Bank, Axis Bank and ICICI Bank.

The total value of syndicated loans by these banks amounts to $ 4.66 billion. The Indian banks are however far behind the chart topper, Bank of Taiwan which arranged for loans worth $ 12.78 billion since January, according to Thomson Reuters data.

SBI, the country's largest lender, arranged for five deals and raised $ 1.58 billion followed by IDBI Bank ($ 1.41 billion in three deals), Axis bank ($ 980 million) and ICICI Bank ($ 686 million).

The cost of borrowing had surged in the global market following fears of default by Greece. The credit spread has shot up by 35-70 basis points post the crisis in Greece.