Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.158)

158. 

Punjab National Bank Housing Finance has signed a pact with which of the following body to raise 75 million dollars?

[A]. Japan International Cooperation Agency
[B]. The Asian Development Bank
[C]. The Asian Infrastructure Investment Bank
[D]. Industrial and Commercial Bank of China

Answer: Option A

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.

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