IFC lends USD 250 mn to HDFC to promote affordable green housing finance


IFC lends USD 250 mn to HDFC to promote affordable green housing finance

Low and middle-income borrowers will be able to own homes with improved access to finance, thanks to a new investment aiming to boost affordable housing finance in India, a joint statement said.

The direct taxes body said the I-T department had found cyclical trading and transfer of funds among group companies, besides booking of bogus expenses and siphoning off of profits from listed companies, and routing of such funds into their closely held companies to make investments, making of circular transactions.


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