New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which bank has entered into a Line of Credit (LoC)

    agreement worth 70 million euros (approximately Rs 630 crore) with the German Development Bank KfW to support the advancement of solar projects in India?
    A State Bank of India Correct Answer Incorrect Answer
    B Punjab National Bank Correct Answer Incorrect Answer
    C UCO Bank Correct Answer Incorrect Answer
    D Indian Bank Correct Answer Incorrect Answer
    E Union bank Correct Answer Incorrect Answer

    Solution

    State Bank of India (SBI) has signed a 70-million-euro (about Rs 630 crore) Line of Credit (LoC) with German Development Bank KfW for promoting solar projects in the country. The Line of Credit (LoC) is specifically tailored to bolster Solar Photovoltaics (PV) projects in India, aligning with the nation's commitment to clean and renewable energy sources. SBI signed 70-million-euro LoC with Germany Bank' KfW for solar projects Reliance Industries partners with DBS Bank for financing programme  Intellect signs ₹80-crore deal with Indian Bank to deploy cash management system U GRO Capital joined hands with Laghu Udyog Bharati to empower MSMES  Union Bank collaborates with Accenture to boost operational efficiency

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