Public-sector bank, Central Bank of India has inked a term loan agreement for Rs 490 crore with NTPC, the country’s largest power producer. The loan has got tenure of 15 years and will be utilized to part finance the capital expenditure of NTPC. The loan facility has been extended to NTPC at the base rate of the bank, which is the bare minimum rate at which a bank can lend.
Central Bank of India has 4,300 branches and 2,500 ATMs with a Pan India presence of all the branches connected under the CBS platform. The bank has a business turnover exceeding Rs 4 lakh crore.
