NTPC loan agreement: NTPC has secured a $750 million foreign currency loan from Bank of Baroda and HDFC Bank’s IFSC units to fund capacity expansion, green energy projects, and refinance existing borrowings, marking a milestone in India’s external commercial borrowings space.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.