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    Question

    Which of the following leading NBFC has raised five-year

    loan of $100 million from the ADB through external commercial borrowing (ECB) under its social finance framework?
    A Power Finance Corporation Limited Correct Answer Incorrect Answer
    B Bajaj Finance Limited Correct Answer Incorrect Answer
    C Muthoot Finance Ltd Correct Answer Incorrect Answer
    D HDB Finance Services Correct Answer Incorrect Answer
    E Shriram Finance Correct Answer Incorrect Answer

    Solution

    Shriram Finance has raised five-year loan of $100 million from the Asian Development Bank (ADB) through external commercial borrowing (ECB) under its social finance framework. The funds will be used for vehicle finance for commercial purposes with BS-VI compliant vehicles and electric vehicles. The loans will be deployed specifically to finance women entrepreneurs and under-developed states.

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