PNB Housing Finance has raised $100 million from International Finance Corporation (IFC), a member of the World Bank Group, for on-lending to buyers in affordable housing projects. The investment was made under the central bank’s automatic route in the revamped external commercial borrowings framework.
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.
