MoneyWorks4Me

IndusInd Bank raises $225 million loan from OPIC

09 Jun 2017 Evaluate

IndusInd Bank has executed a finance agreement with The Overseas Private Investment Corporation (OPIC) for a $225 million loan for expansion of the bank’s micro, small, and medium enterprise (MSME) lending programs across India.

At least 25% of the proposed facility will support women entrepreneurs and reach previously unbanked populations. This eight-year loan is part of the agency’s commitment to supporting $1 billion in loans to underserved small and medium enterprises in India.

As on March 31, 2017, IndusInd Bank has 1200 branches, and 2036 ATMs spread across 683 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi.


Peers
Company Name CMP
HDFC Bank 710.20
ICICI Bank 1341.60
Axis Bank 1248.50
Kotak Mahindra Bank 431.25
Indusind Bank 906.95
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