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PNB Housing Finance, JICA and Citibank to Provide Affordable Housing Loans

Published on April 08, 2020
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
PNB Housing Finance, JICA and Citibank to Provide Affordable Housing Loans
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
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