Punjab National Bank Receives $100 Million Loan from ADB to Finance Solar Rooftop Projects in India
May 30, 2017
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The Asian Development Bank (ADB) has approved a $100 million (~₹6.46 billion) loan to the Punjab National Bank (PNB) that will finance large solar rooftop systems on industrial and commercial buildings in several states. The loan is guaranteed by the Government of India and PNB will use the funds to lend to various developers and end users to install rooftop solar systems.