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Current Affairs - 2019
National Thermal Power Corporation has signed a term-loan agreement of Rs 2,000 crore with which of the following bank?
A)
Axis Bank
B)
Canara Bank
C)
Syndicate Bank
D)
Punjab National Bank

Correct Answer : Option (B) - Canara Bank


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.

Published On : July 11, 2021
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