Friday , December 3 2021

PNB Housing Finance raises $75 million ECB from Sumitomo Mitsui Banking Corporation

PNB Housing Finance has raised fresh $75 million External Commercial Borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) Singapore. The ECB is under the Reserve Bank’s automatic route of approval and the proceeds will be used by the Company as per the applicable RBI guidelines.

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.

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