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    Question

    IIFL Finance has raised $175 million through HSBC, Union

    Bank (Sydney) and Bank of Baroda (IFSC unit).How much has it raised from HSBC? 
    A $50 million Correct Answer Incorrect Answer
    B $75 million Correct Answer Incorrect Answer
    C $100 million Correct Answer Incorrect Answer
    D $120 million Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Non-banking finance company IIFL Finance has raised $175 million through an external commercial borrowing (ECB) route in the month of June 2023.The NBFC has raised $75 million from HSBC, $50 million from Union Bank (Sydney) and $50 million from Bank of Baroda (IFSC unit).  

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