Non-Banking Finance Company: Current Affairs, GK & News - 2020-2021

ADB to finance Railways Track Electrification Project in India

Published: May 24, 2019

The Asian Development Bank (ADB) has signed an agreement to electrify railway tracks in India under Railways Track Electrification Project. As per agreement ADB will provide $750 million (equivalent in Indian Rupee) long-term financing to Indian Railway Finance Corporation (IRFC). About ADB Loan Agreement It is the largest single non-sovereign loan ever committed by ADB ..

Month: 

Category: 

Topics: 

RBI Mohanty Panel for Bank License to Large Corporate Houses

Published: November 22, 2020

The Reserve Bank pf India had earlier constructed an Internal Working Group under P K Mohanty. The committee was set up to review ownership guidelines of Indian private sector banks. The committee has submitted a report about the bank licensing in India Key Recommendations Large industrial houses and corporates shall be allowed as promoters of ..

Month: 

Category: 

Topics: 

Advertisement