Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1222)

2020-09-02 Banking

1222.

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

SBI

RBI

HDFC

PNB

Answer: Option

Explanation:

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.