CURRENT AFFAIRS

Detailed explanation-1: -IIFL Home Finance Ltd and ICICI Bank have entered into a sourcing and servicing arrangement .

Detailed explanation-2: -IIFL Finance has ongoing co-lending partnerships with banks including the Central Bank of India, DCB, Union Bank of India, DBS, Canara Bank, Shivalik Bank and Indian Bank for products such as loans for homes, gold, business purposes and microfinance.

Detailed explanation-3: -The correct answer is Asian Development Bank. 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.

Detailed explanation-4: -IIFL Home Fin has entered into a strategic co-lending partnership with State Bank of India to accelerate effective and affordable credit to small home buyers in the country.

Detailed explanation-5: -The full form of IIFL is India Infoline Limited. IIFL is India’s largest diversified financial services company, and its headquarters is in Mumbai. Nirmal Jain founded IIFL in October 1995.