Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1352)
1352.
Punjab National Bank Housing Finance has signed a pact with which of the following body to raise 75 million dollars?
Japan International Cooperation Agency
The Asian Development Bank
The Asian Infrastructure Investment Bank
Industrial and Commercial Bank of China
Answer: Option
Explanation:
Punjab National Bank Housing Finance has signed a pact with Japan International Cooperation Agency (JICA) to raise 75 million dollars. The Citibank will be co-financing 25 million dollars in order to finance the mortgage loans in the affordable housing segment. The tie-up also states first debt funding ever done by Japan International Cooperation Agency (JICA) in the housing finance sector in India.
Discussion:
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