trending Market Intelligence /marketintelligence/en/news-insights/trending/D7kllmwI0opHhA5WSdZuRw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

India's PNB Housing Finance raises US$265M in foreign loans

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

India's PNB Housing Finance raises US$265M in foreign loans

India's PNB Housing Finance Ltd. raised US$265 million worth of loans from foreign lenders on Dec. 28, 2018.

The housing finance company said Jan. 2 that it raised the funds through the external commercial borrowing, or ECB, route. The company will use the funds for its normal on-lending operations.

ECBs are commercial loans raised by Indian companies from foreign entities, according to the Reserve Bank of India.

PNB Housing Finance noted that it raised a total of US$465 million through five-year foreign loans during the quarter ended Dec. 31, 2018.

As of January 2, US$1 was equivalent to 70.05 Indian rupees.