Home » AIIB extends $50 mn loan to...

AIIB extends $50 mn loan to L&T Infra Finance Ltd

Mahesh Kumar July 9th, 2020 12:12 pm Leave a comment

Asian Infrastructure Investment Bank (AIIB) has released $50 million loan to L&T Infrastructure Finance Ltd. This is the first tranche of a $100 mn loan to L&T Infrastructure Finance Ltd for funding Renewable Energy projects in the country. This loan has been extended by the Bejing-based multilateral development bank to on-lend to large and mid-scale wind and solar power infra projects in India.

Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams

A $100 million loan sanctioned by the Asian Infrastructure Investment Bank (AIIB) to the unit of L&T Finance Holdings is AIIB’s first loan to a non-banking financial company (NBFC) in India.

Important takeaways for all competitive exams:

Managing Director & CEO of L&T Finance Holdings: Dinanath Dubhashi.
President of Asian Infrastructure Investment Bank: Jin Liqun.

Find More National News Here

Check👉 Monthly Current Affairs

About the Author

Mahesh Kumar

Author

Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.