Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.131)


Vedanta tied up with which bank for Long Term Syndicated Loan of Rs.10000 crore?

[A]. SBI
[B]. RBI
[D]. PNB

Answer: Option A


On 31st August 2020, Vedanta announced its tie up for a long term syndicated loan facility for Rs.10000 crore with State bank of India(SBI) as facility agent and SBICAP Trustee Company limited(SBICTCL), a wholly owned subsidiary of SBI Capital Market Limited(SBICAP) as the security trustee with door to door tenor of 7 years.

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