CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which bank has released USD 50 million in the first tranche of assistance to L & T Infrastructure Finance Ltd, to fund renewable Energy Projects in India?

A	New Development Bank
B	Asian Infrastructure Investment Bank
C	Asian Development Bank
D	World Bank

Explanation:

Detailed explanation-1: -Asian Infrastructure Investment Bank (AIIB) has released $50 million loan to L&T Infrastructure Finance Ltd.

Detailed explanation-2: -Hero Electric ties up with L&T Finance for retail finance.

Detailed explanation-3: -Mr. Shiva Rajaraman is the Chief Executive Officer (CEO) of L&T Infra Debt Fund Ltd (L&T IDF), India’s leading Infrastructure Debt Fund, focussed on providing refinancing and credit enhancement solutions to private sector/ PPP projects.

Detailed explanation-4: -L&T Finance Holdings (LTFH) is a leading, well-diversified Non-Banking Financial Company (NBFC) with a focused range of financial products and services across rural, housing and infrastructure finance along with mutual funds. The company is promoted by Larsen & Toubro Ltd.

Detailed explanation-5: -L&T Finance Holdings Ltd. is a NSE and BSE listed company and is also registered with RBI as an NBFC and CIC. It conducts its financial services businesses through various subsidiaries. L&T Financial Services is the brand name of L&T Finance Holdings Ltd.

There is 1 question to complete.