IIFL Residence Finance raises Rs 1,000 cr from NHB

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IIFL Holdings introduced that its subsidiary IIFL Residence Finance has raised Rs 1,000 crore from the Nationwide Housing Financial institution (NHB).

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IIFL Residence Finance has raised one other $50 million from State Financial institution of India by means of Exterior Business Borrowing (ECB) route.

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In a launch, IIFL additional stated that IIFL Residence Finance is among the first debtors below the Reserve Financial institution of India’s revised norms for ECB by means of automated route.

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“This not solely offers liquidity but in addition enhances our asset…

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