Money & Banking

Dewan Housing gets $85-m IFC loan

Satyanarayan Iyer Mumbai | Updated on November 08, 2013

Dewan Housing Finance Ltd (DHFL) said that it has received $85-million loan from International Finance Corporation.

IFC, a member of the World Bank Group, has given this loan to DHFL to expand finance for affordable and energy-efficient housing in India.

“Of the total loan, IFC will provide $70 million through external commercial borrowings and it has committed an additional $15 million to finance green mortgages under the IFC-Canada Climate Change Program,” DHFL said in a statement.

Published on November 08, 2013

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