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Which entity has raised $100 million (around Rs 690 crore) from International Finance Corporation (IFC, member of the World Bank Group) for the purpose of lending to buyers in housing projects ?
  • a)
    LIC Housing Finance
  • b)
    Punjab National Bank(PNB) Housing Finance Ltd
  • c)
    Dewan Housing Finance Corporation Ltd.(DHFL)
  • d)
    Housing Development Finance Corporation(HDFC)
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which entity has raised $100 million (around Rs 690 crore) from Intern...
On July 29,2019, Indian public limited housing finance company PNB(Punjab National Bank) Housing Finance Ltd has raised $100 million (around Rs 690 crore) from International Finance Corporation (IFC, member of the World Bank Group) for the purpose of lending to buyers in housing projects. This is the 1st ECB( external commercial borrowings) outlay was made under the RBI (Reserve Bank of India) automatic route for the current financial year (FY2019-20).The central bank has allowed it to borrow ECB up to $750 million annually from oversees through the route.
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Which entity has raised $100 million (around Rs 690 crore) from International Finance Corporation (IFC, member of the World Bank Group) for the purpose of lending to buyers in housing projects ?a)LIC Housing Financeb)Punjab National Bank(PNB) Housing Finance Ltdc)Dewan Housing Finance Corporation Ltd.(DHFL)d)Housing Development Finance Corporation(HDFC)e)None of theseCorrect answer is option 'B'. Can you explain this answer?
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Which entity has raised $100 million (around Rs 690 crore) from International Finance Corporation (IFC, member of the World Bank Group) for the purpose of lending to buyers in housing projects ?a)LIC Housing Financeb)Punjab National Bank(PNB) Housing Finance Ltdc)Dewan Housing Finance Corporation Ltd.(DHFL)d)Housing Development Finance Corporation(HDFC)e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Which entity has raised $100 million (around Rs 690 crore) from International Finance Corporation (IFC, member of the World Bank Group) for the purpose of lending to buyers in housing projects ?a)LIC Housing Financeb)Punjab National Bank(PNB) Housing Finance Ltdc)Dewan Housing Finance Corporation Ltd.(DHFL)d)Housing Development Finance Corporation(HDFC)e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which entity has raised $100 million (around Rs 690 crore) from International Finance Corporation (IFC, member of the World Bank Group) for the purpose of lending to buyers in housing projects ?a)LIC Housing Financeb)Punjab National Bank(PNB) Housing Finance Ltdc)Dewan Housing Finance Corporation Ltd.(DHFL)d)Housing Development Finance Corporation(HDFC)e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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