NTPC signs pact for Rs. 5,000 crores with SBI

National Thermal Power Corporation Limited has signed a term loan agreement for Rs. 5,000 crore with State Bank of India. The loan facility has been extended at an interest rate linked to 3 Months MCLR of the bank and has a door to door tenure of 15 years. The loan will be utilised to part finance the capital expenditure of NTPC.

Important Takeaways for LIC Assistant and IBPS Clerk Mains:

  • Gurdeep Singh is the Chairman and Managing Director of NTPC.
  • Rajnish Kumar is Chairman of the State Bank of India.

Source- The Hindu Business Line

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