PNB Housing Finance raises around ₹690 crore from IFC

Date posted: Tuesday 30 July 2019

PNB Housing Finance Ltd said it has raised $100 million (around ₹690 crore) from International Finance Corporation (IFC), a member of the World Bank Group, to finance the purchase of affordable housing projects. The investment was made under the central bank’s automatic route in the revamped external commercial borrowings (ECB) framework.

(Live Mint)