PNB Housing Finance has received an approval to raise up to $1 billion (about Rs 6,500 crore) through external Commercial Borrowing (ECB) in order to fund business expansion. The board of directors at its meeting held on May 3, 2018 has approved to raise the funds in one or more trenches to augment its medium-term resources subject to all regulatory approvals.
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.
