Banks approved to provide loans for AP & Telangana states

Telangana-states
Banks approved to provide loans for AP & Telangana states

Telangana and Andhra Pradesh governments take loans by pledging bonds to financial institutions. RBI held an e-auction in Mumbai where 177 banks participated for Telangana and approved 10 bids from RBI and 27 bids for AP. Both governments are expected to repay this loan in a tenure of 10 years.

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