Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1589)
1589.
National Thermal Power Corporation has signed a term-loan agreement of Rs 2,000 crore with which of the following bank?
Syndicate Bank
Punjab National Bank
Axis Bank
Canara Bank
Answer: Option
Explanation:
National Thermal Power Corporation (NTPC), the State-run power giant, has signed a term-loan agreement with Canara Bank to raise Rs 2,000 crore. The agreement would be used to part finance its capital expenditure. The loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of the NTPC.
Discussion:
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