📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    IREDA signed an MoU with which bank for co-lending and

    co-origination support for all Renewable Energy projects, facilitating loan syndication and underwriting, management of Trust & Retention Account for IREDA borrowers, and a commitment to establishing stable fixed interest rates spanning a period of 3-4 years for IREDA borrowings? 
    A Bank of India Correct Answer Incorrect Answer
    B Bank of Baroda Correct Answer Incorrect Answer
    C Bank of Maharashtra Correct Answer Incorrect Answer
    D Indian Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Indian Renewable Energy Development Agency (IREDA), has signed a an MoU with Bank of Maharashtra (BoM).The MoU comprises several services including co-lending and co-origination support for all Renewable Energy projects, facilitating loan syndication and underwriting, management of Trust & Retention Account for IREDA borrowers, and a commitment to establishing stable fixed interest rates spanning a period of 3-4 years for IREDA borrowings. Under this agreement, Bank of Maharashtra can invest in the Bonds issued by IREDA in accordance with the specified terms and conditions of the offering.

    Practice Next
    More Weekly Quiz GA for SSC Questions

    Relevant for Exams:

    ask-question