 National Thermal Power Corporation Limited has signed a term loan agreement for Rs. 5,000 crore with State Bank of India. The loan facility has been extended at an interest rate linked to 3 Months MCLR of the bank and has a door to door tenure of 15 years. The loan will be utilised to part finance the capital expenditure of NTPC. |
| Source- The Hindu Business Line |
 Investor Education & Protection Fund Authority (IEPFA) works under the Ministry of Corporate Affairs, has signed a Memorandum of Understanding (MOU) with Bank of Baroda (BoB) to spread customer awareness and investor education and reaching out to investors and stakeholders. As per the agreement, 9,456 BoB branches will exhibit IEPFA posters on investor protection & 3,115 ATMs (Automated Teller Machine) and Cash Recyclers supported by self-service channels will feature digital banners on IEPFA. |
| Source: The Press Information Bureau |
 The ties between India and Bangladesh for transcend strategic partnership. The multidimensional relationship between the two countries covers not only traditional areas like trade, commerce, security and border management but also new areas such as IT, space and nuclear science among others. India is a committed development partner of Bangladesh with a credit line worth 8 billion US dollars of which 80% is earmarked for infrastructure and connectivity sector. |
| Source: The News on AIR |
 The Online trucking platform BlackBuck has partnered with private lenders IDFC Bank and Yes Bank to provide FASTags to truck owners free of cost. Truck owners can order FASTags on BlackBuck’s Boss App, a digital services platform exclusively for truck fleet owners, and it will be delivered at their doorstep free of cost until December 31, 2019. The initiative is expected to help over 3 million trucks in India become FASTag compliant. |
| Source: The Economic Times |
 The National Investment and Infrastructure Fund (NIIF) of India and Canada Pension Plan Investment Board (CPPIB) have agreed for CPPIB to invest up to $600 million through the NIIF Master Fund. The agreement includes a commitment of $150 million in the NIIF Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the NIIF Master Fund. The NIIF Master Fund invests equity capital in core infrastructure sectors in India, with a focus on transportation, energy and urban infrastructure. |
| Source: The Hindu |
 Karnataka Vikas Grameena Bank (KVGB) and Canara, HSBC, Oriental Bank of Commerce, Life Insurance Company Ltd. signed an MoU for bancassurance (for selling life insurance products through the branches of KVGB). As per the pact, KVGB will market wide range insurance products of the Canara HSBC through its 636 branches in 9 districts of Karnataka. |
| Source: The Hindu |
 Walmart India, in partnership with HDFC Bank, launched a co-branded credit card exclusively for members of its Best Price Modern Wholesale “B2B Cash & Carry” stores, offering “free credit up to 50 days. The card is being supported by Diners Club International which has acceptance of its own membership card in 185 countries. |
| Source: The Livemint |
 The Asian Development Bank (ADB) has agreed to advance a loan of US $206 million to develop water supply and sewerage infrastructure in Tiruchi and other cities in Tamil Nadu. It will also strengthen the capacities of Urban Local Bodies (ULBs) for improved service delivery. The project initiatives are also expected to help the state develop the requisite ecosystem for economic growth. The project will target cities namely Ambur, Tiruchirappalli, Tiruppur, and Vellore for developing sewage collection and treatment and drainage systems. Improvement to water supply systems would be targeted in the cities of Madurai and Tiruppur. |
| Source: The News on AIR |
 New Quest-backed U GRO Capital inked an SME loan co-origination agreement with State Bank of India to facilitate broader credit outreach and faster disbursal. The alliance to leverage U GRO Capital’s proprietary technology platform ‘GRO-Xstream’ to provide in-principle loan approval within 60 minutes. U GRO Capital, a BSE listed, technology-enabled small business lending platform entered into a loan co-origination. |
| Source: The Economic Times |
 India and Uzbekistan have signed a pact for further strengthening of cooperation in the fields of counter-terrorism and organised crime. The agreement was signed by Union Home Minister Amit Shah and his Uzbekistan counterpart Pulat Bobojonov here to further increase cooperation between India and Uzbekistan in diverse fields including counter-terrorism, organized crime and human trafficking. The two sides discussed issues of mutual interest including bilateral counter-terrorism cooperation, capacity building and training for Uzbek security personnel in Indian institutions, border guarding and disaster management. |
| Source: The Press Information Bureau |
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