2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank decided to take a loan of Rs 9,718 crore with an annual interest rate of 7.70% for a term of 15 years?
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RBI
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SBI
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ICICI
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PNB
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Explanation:
Detailed explanation-1: -State Bank of India has raised 9, 718 crore through its second infrastructure bonds issue in two months. The bank will pay a coupon rate of 7.70% for the 15-year bond.
Detailed explanation-2: -SBI will utilise the proceeds to enhance long-term resources for funding infrastructure and the affordable housing segments. The tenure of these bonds is 15 years.
Detailed explanation-3: -Base Rate. Base Rate revised as 10.10% p.a. w.e.f. 15.03. 2023.
There is 1 question to complete.