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Punjab National Bank (PNB) has detected fraudulent transactions worth $1.77 billion at a single Mumbai branch in a case that could affect more banks and raise fresh questions about lending procedures at Indian banks mired in soured debt.

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Property bust rattles Australia’s record-breaking economy Property bust rattles Australia’s record-breaking economy. – By Tom Westbrook SYDNEY (Reuters) – As property prices rocketed toward the heady peak of Sydney’s real-estate boom in 2017, the bulldozers came to Epping. Eucalypt-lined streets of red-brick bungalows in the middle-class suburb were snapped up at hefty premiums by developers, razed, and quickly remade as apartment blocks. Many units were sold off-the-plan – where buyers enter into contracts.

PNB Housing Finance today said it proposes to raise USD 1 billion (about Rs 6,500 crore) through external commercial borrowing window to fund business expansion. The board in its meeting held today has approved to raise the funds by way of external commercial borrowings for not exceeding USD 1 billion, PNB Housing Finance said in a regulatory filing to the stock exchanges.

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YES Bank to raise $1 billion to fund solar energy projects: x Yes Bank will mobilise $1 billion till 2023 and $5 billion till 2030 towards financing solar energy projects in India. x The private sector bank made this announcement at the International Solar Alliance (ISA) conference organised at the World future energy summit 2018 in Abu Dhabi.

The PNB Housing Finance board will consider fund raising up to $1 billion through debt instruments of external commercial borrowings (ECB).

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PNB Housing Finance (PNBHF) reported 4QFY18 results with the key strategic pointers.. As ECB funding opens up and liquidity eases in the market, PNBHF. While the company plans to raise US$1bn via masala bonds.

. consider raising $1 billion in external commercial borrowing (ECB) and. PNB Housing borrowed Rs 30,843 crore in FY19 through long-term.

Dec 7 (Reuters) – India’s PNB Housing Finance Ltd, a unit of Punjab National Bank, plans to raise 4 billion rupees ($73.94 million) via dual tranche bonds. the sources said. ($1 = 54.0950 Indian.

Limited takers likely for ECB booster to cheap housing. RBI has allowed companies to raise up to $1 bn but hedging of costs could make this unattractive for borrowers Though the Reserve Bank of India has allowed real estate developers and housing finance companies to raise up to $1 billion (Rs 5,400 crore) via external commercial borrowing (ECB.

The PNB Housing Finance board will consider fund raising up to $1 billion through debt instruments of external commercial borrowings (ECB) and non-convertible debentures. The company also said it.

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Fund raising move comes after CARE Ratings placed facilities of the housing finance company under 'credit watch'