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Current Affairs - 2021
The International Finance Corporation (IFC) extended a loan of $250 million to which Indian bank, for affordable housing finance?
A)
Yes Bank
B)
ICICI Bank
C)
HDFC Bank
D)
SBI

Correct Answer :   HDFC Bank


The International Finance Corporation (IFC), the investment arm of the World Bank group, has extended a loan of $250 million to HDFC Bank to boost affordable housing finance in India.

Under the loan agreement, at least 25% of the financing has been allocated for green affordable housing, which is expected to encourage this market in India. India still has an early stage of Green housing market, which needs strengthening.

Published On : July 28, 2021
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