The loan is extended at an interest rate linked to three-month marginal cost of funds-based lending rate (MCLR) of the bank.
HDFC Bank is a major player in India's banking sector. (Photo: PTI)
New Delhi: State-run power giant NTPC on Tuesday said it has signed an agreement with HDFC Bank for a Rs 2,500 crore loan to part finance capital expenditure.
The loan is extended at an interest rate linked to three-month marginal cost of funds-based lending rate (MCLR) of the bank, a statement said.
According to the statement, the loan pact signed on Monday, has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.
The loan agreement was signed by A K Gautam, Executive Director (Finance), NTPC and Raveesh Bhatia, Regional Head, Corporate Banking, HDFC Bank in the presence of other officials.
( Source : PTI )
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