PNB Housing Finance Ltd has tied up with International Finance Corporation (IFC), part of the World Bank Group, to raise$ 800 million for green and affordable housing in India. Where is the headoffice of IFC?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Geneva
B	London
C	Paris
D	Washington, D.C.

Explanation:

Detailed explanation-1: -IFC lends $250 million to HDFC Ltd to boost green housing finance | Business Standard News.

Detailed explanation-2: -PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing is promoted by Punjab National Bank (PNB).

Detailed explanation-3: -PNB Housing Finance Limited is a Non-Banking Financial Corporation (NBFC) providing loan against property or LAP loans by mortgaging all type of properties including residential, commercial and industrial.

Detailed explanation-4: -The state-owned bank currently holds a 32% stake in the housing finance firm. Punjab National Bank said on Friday that the Reserve Bank of India had allowed it to invest ₹500 crore in the upcoming ₹2, 500 crore rights issue of PNB Housing Finance.

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