Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1495)

2019-07-03 Banking

1495.

Which bank has signed an MoU with NIIF in pact for funding infrastructure projects?

HDFC

SBI

Axis

Yes

Answer: Option

Explanation:

The State Bank of India has signed a memorandum of understanding with National Investment and Infrastructure Fund to boost availability of capital for infrastructure projects. The scope of the agreement includes equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets.