HDFC Bank’s subsidiary HDB Financial Services (HDB) is reportedly all set to raise $150 million from International Finance Corporation (IFC) through senior debt investment. This investment will help in increasing the outreach of access to microfinance to the lower end of MSMEs who have little or no access to formal sources of financing.
HDB operates through a pan-India (22 states and 4 union territories) distribution network of more than 1,160 branches across 831 cities and offers a range of loan products, both secured and unsecured.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
