National Thermal Power Corporation has signed a term-loan agreement of Rs 2,000 crore with which of the following bank?
Options
A. Syndicate Bank
B. Punjab National Bank
C. Axis Bank
D. Canara Bank
Correct Answer
Canara Bank
Explanation
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.
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