PTC fin arm ties up with banks for clean energy project loans

Posted on:01 Sep 2016 09:35:03
PTC fin arm ties up with banks for clean energy project loans
01 September 2016 Current Affairs: PTC India Financial Services , that the company has entered into arrangements with scheduled commercial banks whereby the banks will issue letter of credit to project companies in the renewable energy space.

Currently, such project companies are required to approach various banks and negotiate various associated costs for issuance of letter of credit, which generally takes 3-5 months. 

Under the new arrangement, letter of credit can be opened in a much shorter time on case-to-case basis and project companies shall not be required to separately pursue with each bank.

 

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 July

22 JULY
NEWS
21 JULY
NEWS
20 JULY
NEWS
19 JULY
NEWS

Current Affairs 2018 June

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS