2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Japan International Cooperation Agency
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The Asian Development Bank
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The Asian Infrastructure Investment Bank
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Industrial and Commercial Bank of China
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Detailed explanation-1: -PNB Housing Finance Ltd, promoted by Punjab National Bank, will raise $75 million from International Finance Corporation (IFC).
Detailed explanation-2: -As on 30 September 2022, Punjab National Bank held 32.57% in the company. The housing finance company’s consolidated net profit rose 11.7% to Rs 262.63 crore on 6.1% rise in total income to Rs 1, 683.43 crore in Q2 FY23 over Q2 FY22.
Detailed explanation-3: -Kousgi has over 25 years of extensive experience in mortgage and retail lending businesses New Delhi: PNB Housing Finance has appointed Girish Kousgi as its Managing Director and Chief Executive Officer, effective October 21.
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.