Tata Power Solar Systems Ltd (TPSSL) has signed an agreement with which bank to provide financing for solar units to residential and corporate customers? (August 2024)

Correct option is C

Tata Power Solar Systems Ltd (TPSSL) has signed an agreement with ICICI Bank to provide financing for solar units to residential and corporate customers.
Details-
· Loan Details: Customers can avail loans up to ₹90 lakh, with collateral-free options and a tenure of up to 5 years.
· Higher Loan Options: Higher loans with collateral can have tenures extending up to 20 years.
· Collaboration Purpose: The agreement aims to promote the adoption of solar energy by making it easier for customers to finance solar panel purchases.
· TPSSL: A wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), dedicated to providing solar energy solutions.