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    Question

    Shriram Finance has raised a five-year loan of ______

    from the Asian Development Bank (ADB) through external commercial borrowing (ECB) under its social finance framework.
    A $100 million Correct Answer Incorrect Answer
    B $150 million Correct Answer Incorrect Answer
    C $175 million Correct Answer Incorrect Answer
    D $200 million Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Shriram Finance has raised a 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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