Question

With which bank did NTPC sign a term-loan agreement to raise Rs 2,000 crore in April 2019?
State Bank of India
Canara Bank
Central Bank of India
Andhra Bank
Bank of Maharashtra

Answer 1

Answer:

With Canara Bank, NTPC sign a term-loan agreement to raise Rs 2,000 crore in April 2019.

Explanation:

The country's largest power producer NTPC (National Thermal Power Corporation which is under the Ministry of Power, Government of India) has signed a term loan agreement for Rs 2,000 crore with Canara Bank.

The loan facility is increased at an interest rate linked to three months MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilized to part finance the capital spending of the NTPC.

Answer 2

Answer:

Canara Bank

Explanation:

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