Which bank has released USD 50 million in the first tranche of assistance to L&T Infrastructure Finance Ltd, to fund renewable Energy Projects in India?

1. 

Which bank has released USD 50 million in the first tranche of assistance to L&T Infrastructure Finance Ltd, to fund renewable Energy Projects in India?
[A]. New Development Bank
[B]. Asian Infrastructure Investment Bank
[C]. Asian Development Bank
[D]. World Bank

Answer: Option B

Explanation:

Asian Infrastructure Investment Bank(AIIB) has released USD 50 million in the first tranche of assistance to L&T Infrastructure Finance Ltd(LTIF), to fund renewable Energy Projects in the country. The released amount is part of a sanctioned USD 100 million External Commercial Borrowing(ECB) loan.

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