HDFC to raise funds from retail investors through Green Deposits to finance sustainable housing
The financing offered through these ‘Green and Sustainable Deposits’ will aim to safeguard the environment from climate change. Last month, HDFC and the World Bank Group member IFC entered into an agreement to promote green housing in India through lending for affordable and low-income housing.
HDFC launches green and sustainable depositsTalking about the new product, HDFC Chairman Deepak Parekh said "Today, sustainability is no longer about doing less harm, but about doing more good."
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