Question

    REC Limited has signed an MoU with_________  to jointly

    explore the possibility of funding projects in the Power Sector and Infrastructure & Logistics Sector under a consortium arrangement.
    A State Bank of India Correct Answer Incorrect Answer
    B Punjab National Bank Correct Answer Incorrect Answer
    C Indian Overseas Bank Correct Answer Incorrect Answer
    D Union Bank of India Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    REC Limited has signed an MoU with Punjab National Bank (PNB) to jointly explore the possibility of funding projects in the Power Sector and Infrastructure & Logistics Sector under a consortium arrangement. REC and PNB will associate with each other to co-finance loans amounting to Rs. 55,000 crores over the next three years.

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