Home > Practice > Current Affairs > July - 2024 > July 11, 2024
1. Which organization secured a 5-year green loan amounting to 31.96 billion Japanese yen?
REC Limited, a major lender in the power sector, secured a 5-year green loan of 31.96 billion Japanese yen (approximately $200 million) through Deutsche Bank’s Gift City branch. This funding is dedicated to financing environmentally sustainable projects across India. The initiative is part of REC's commitment to advancing green energy finance and sustainable development, aligning with global efforts for environmental responsibility.