Current Affairs · Business and Economy
Regarding the massive offshore loan agreement finalized by Reliance Industries Ltd. (RIL) in mid-2025, which of the following statements are correct? 1. Reliance Industries raised an offshore syndicated loan of $2.9 billion, representing the largest offshore loan by an Indian company in over a year. 2. This transaction propelled the overall foreign currency loan volumes for Indian firms to $10.4 billion in 2025, marking the fastest year-to-date growth in at least a decade. 3. The syndicated loan involves a consortium of 55 banks, making it the largest bank consortium for such a loan in Asia this year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 2 and 3
- 2Both 1 and 2✓
- 3Only 1
- 4Only 2
Correct answer
Both 1 and 2
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