Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 969)

2019-02-13 Business

969.

Who signed a loan agreement for Rs 5,000 crore with State Bank of India?

NTPC Limited

BHEL

SAIL

GAIL

Answer: Option

Explanation:

State-owned power giant NTPC has announced that it has signed a term loan agreement for Rs 5,000 crore with State Bank of India. The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.