Current Context: To accelerate financial inclusion in Asia, PNB Housing Finance has signed an agreement with Japan International Cooperation Agency (JICA) to raise 75 million dollars by
co-financing 25 million dollars by Citibank with the main objective of providing affordable housing to low income households in India.
- The tie up will remain for long turn for about 5 years between the three organizations.
- This partnership will be the JICA's first debt funding in the housing finance sector in India. JICA is one of the largest bilateral development organisations in the world.
Static Part:
- PNB Housing Finance HQ: New Delhi
- MD of PNB housing Finance: Sanjaya Gupta
- Citibank HQ: New York, US
Question:
Q.1 PNB Housing Bank signed an agreement with JICA to provide funding to housing sector in India, for this agreement which of the following isanother co-financing bank?
a. Federal Bank
b. Citi Bank
c. HSBC
d. JPMorgan Chase & Co
a. Federal Bank
b. Citi Bank
c. HSBC
d. JPMorgan Chase & Co
