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| Exchange Received Time 08/06/2017 20:14:49 Exchange Disseminated Time 08/06/2017 20:14:57 Time Taken 00:00:08 | IndusInd Bank raises a $225 million loan from OPIC for its MSME Lending Programs
The Overseas Private Investment Corporation (OPIC) and IndusInd Bank today executed a Finance Agreement for a $225 million loan supporting the expansion of the Bank's Micro, Small and Medium Enterprise (MSME) lending programs across India. At least 25 percent 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.
In this connection, our Bank will issue a Press Release today. A copy of the same is enclosed for your kind perusal and record.
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