Question
Which bank will sign a 200 million euro (about Rs
1,800 crore) Line of Credit (LoC) with the European Investment Bank (EIB) for supporting climate action projects in the country with special focus on supporting Solar Photovoltaics (PV) projects ?Solution
State Bank of India (SBI) will sign a 200 million euro (about Rs 1,800 crore) Line of Credit (LoC) with the European Investment Bank (EIB) for supporting climate action projects in the country.The LoC is aimed at supporting Solar Photovoltaics (PV) projects in India.
In case of Forward Rate Agreement there is an exchange of interest rate
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