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?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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