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-India's PNB Housing Finance raises capital

Aug 06, 2019 - Global Banking News

Global Banking News - 06 August 2019

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The firm said that it would use the money for expansion.

The firm has raised USD75m of external commercial borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) (TYO: 8316) in Singapore. The move has been approved by India as part of the Reserve Bank of India's (RBI's) automatic route of approval.

India-based PNB Housing Finance Limited has said that it has raised capital.