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REC Limited (Maharatna CPSE) signed a Foreign Currency Term Loan of USD 100 million with which bank?

1. Reserve Bank of India
2. State Bank of India
3. Punjab National Bank
4. Export Import Bank of India (EXIM Bank)

Correct answer: Export Import Bank of India (EXIM Bank)

Solution

REC Limited (formerly Rural Electrification Corporation) signed a Foreign Currency Term Loan Agreement of USD 100 million with Export Import Bank of India (EXIM Bank) for financing power sector projects.

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