To raise $200 million in ECBs: NHB
NHB plans to raise $200 mn in ECBs under the RBI's new window for housing finance companies and developers, says R.V. Verma of the NHB. He adds that NHB may also raise funds on behalf of developers. The NHB chairman also says that the process for identifying stalled projects is under way and negotiations with banks are ongoing to lend to these projects.
