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?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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