Question
Download Solution PDFWhich of the following banks has offered $68 million in funding to IIFL Home Finance for expanding footprint in the affordable and green housing segment in February 2022?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Asian Development Bank.
Key Points
- The Asian Development Bank has offered $68 million in funding to IIFL Home Finance for expanding its footprint in the affordable and green housing segment.
- The funding comprises a direct ADB loan of $58 million and another $10 million concessional loan from the Canadian Climate Fund.
- This is IIFL Home Finance’s first loan from ADB or any other development finance institution.
Additional Information
- The Asian Development Bank (ADB) provided a record USD 4.6 billion loans to India in 2021, including USD 1.8 billion towards coronavirus response.
- USD 1.5 billion was towards vaccine procurement and USD 300 million to strengthen primary health care in urban areas and the country's future pandemic preparedness.
- The agency extended a USD 2.2-billion support for 12 state projects.
- The Asian Development Bank is a regional development bank established on 19 December 1966.
- The Asian Development Bank:
- Headquarters: Mandaluyong, Philippines
- President: Masatsugu Asakawa (As of Feb 2022)
- Membership: 68 countries
- Founded: 19 December 1966
Last updated on Jun 11, 2025
-> RRB NTPC 2025 Exam Postponed. Railway Recruitment Board has rescheduled the RRB NTPC Exam for June 5, 2025 (Shift 3).
-> RRB NTPC Exam Analysis 2025 is LIVE now. All the candidates appearing for the RRB NTPC Exam 2025 can check the complete exam analysis to strategize their preparation accordingly.
-> The UPSC Prelims Result 2025 and UPSC IFS Result 2025 has been released @upsc.gov.in
-> The RRB NTPC Admit Card 2025 has been released on its official website.
-> Candidates who will appear for the RRB NTPC Exam can check their RRB NTPC Time Table 2025 from here.
-> The RRB NTPC CBT 1 Exam is scheduled from 5th June to 24th June 2025 as per the revised tentative exam schedule.
-> The RRB NTPC 2025 Notification has been released for a total of 11558 vacancies.
-> A total of 3445 Vacancies have been announced for Undergraduate posts like Commercial Cum Ticket Clerk, Accounts Clerk Cum Typist, Junior Clerk cum Typist & Trains Clerk.
-> A total of 8114 vacancies are announced for Graduate-level posts in the Non-Technical Popular Categories (NTPC) such as Junior Clerk cum Typist, Accounts Clerk cum Typist, Station Master, etc.
-> Prepare for the exam using RRB NTPC Previous Year Papers.
-> Check out the Rajasthan PTET Admit Card 2025 and UPSC Prelims Result Date 2025 here.