HDFC Bank to provide funds worth Rs 5 billion for Jewar airport

HDFC Bank has entered into an agreement to provide funds worth Rs 5 billion for the Jewar airport project in Greater Noida. The funds will be provided at an interest cost of the marginal cost of funds-based lending rate plus 1 per cent and will be utilised for infrastructure development and land acquisition. The tenor of the loan is five years, and the funding amount can be increased later.