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Which is the first non-banking finance company(NBFC) that will receive loan worth $100-million from the Asian Infrastructure Investment Bank (AIIB) ?
  • a)
    Hindustan Construction Company
  • b)
    GMR Group
  • c)
    L&T(Larsen & Toubro) Infrastructure Finance Company(LTIF)
  • d)
    Reliance Infrastructure Limited
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
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Which is the first non-banking finance company(NBFC) that will receive...
The Asian Infrastructure Investment Bank (AIIB) will provide $100-million loan to L&T(Larsen & Toubro) Infrastructure Finance Company(LTIF) for wind and solar infrastructure projects. This is the first time AIIB is extending loan to a non-banking finance company(NBFC).LTIF, a subsidiary of L&T Finance Holdings collaborated with AIIB to explore the international market for green finance.The project will help in increasing the supply of renewable energy in India & also helps to reduce the carbon intensity by 30-35 percent of the 2005 levels by 2030 which was India’s commitment under Paris agreement.
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Which is the first non-banking finance company(NBFC) that will receive loan worth $100-million from the Asian Infrastructure Investment Bank (AIIB) ?a)Hindustan Construction Companyb)GMR Groupc)L&T(Larsen & Toubro) Infrastructure Finance Company(LTIF)d)Reliance Infrastructure Limitede)None of theseCorrect answer is option 'C'. Can you explain this answer?
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Which is the first non-banking finance company(NBFC) that will receive loan worth $100-million from the Asian Infrastructure Investment Bank (AIIB) ?a)Hindustan Construction Companyb)GMR Groupc)L&T(Larsen & Toubro) Infrastructure Finance Company(LTIF)d)Reliance Infrastructure Limitede)None of theseCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Which is the first non-banking finance company(NBFC) that will receive loan worth $100-million from the Asian Infrastructure Investment Bank (AIIB) ?a)Hindustan Construction Companyb)GMR Groupc)L&T(Larsen & Toubro) Infrastructure Finance Company(LTIF)d)Reliance Infrastructure Limitede)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which is the first non-banking finance company(NBFC) that will receive loan worth $100-million from the Asian Infrastructure Investment Bank (AIIB) ?a)Hindustan Construction Companyb)GMR Groupc)L&T(Larsen & Toubro) Infrastructure Finance Company(LTIF)d)Reliance Infrastructure Limitede)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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