Question: Recently, National Thermal Power Corporation Limited signed a term loan agreement with ICICI Bank for a term of –
(a) 5 year-old
(b) 10 year-old
(c) 15 years old
(d) 20 year-old
Answer: (c)
Related Facts:
- On August 29th, 2017, National Thermal Power Corporation Limited (NTPC) signed a 15 year term loan agreement with ICICI Bank.
- Under this agreement, ICICI Bank will provide a loan of Rs. 3000 crore to NTPC.
- It will be used by NTPC for its own capital expenditure.
Reference:
http://economictimes.indiatimes.com/industry/energy/power/ntpc-signs-rs-3000-crore-term-loan-agreement-with-icici-bank/articleshow/60292345.cms
http://indianexpress.com/article/business/ntpc-signs-rs-3000-crore-term-loan-agreement-with-icici-bank/