Recently, the Asian Development Bank (ADB) and which of the following commercial bank of India has signed $100 million loan to finance Solar Rooftop projects throughout India?
A. Punjab National Bank
B. State Bank of India
C. Cental Bank of India
D. Reserve Bank of India
Answer:A
Recently, the Asian Development Bank (ADB) and which of the following commercial bank of India has signed $100 million loan to finance Solar Rooftop projects throughout India?
A. Punjab National Bank B. State Bank of India C. Cental Bank of India D. Reserve Bank of India
Explanation: The Asian Development Bank (ADB) and the Punjab National Bank (PNB) yesterday signed a $100 million loan — to be guaranteed by the Government of India — that will finance large solar rooftop systems on industrial and commercial buildings throughout India. The PNB will use the ADB funds to make further loans to various developers and end users to install rooftop solar systems.