/ IndusInd Bank Raises $225 mn Loan From OPIC ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 9 June 2017

IndusInd Bank has inked a finance agreement with the Overseas Private Investment Corporation (OPIC) for a USD 225 million loan to support the 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. The eight-year loan is part of the agency’s commitment to supporting $1 billion in loan to underserved small and medium enterprise in India.

MSMEs are an important segment of the Indian economy but are often constrained by a lack of access to capital. This loan will support IndusInd Bank in increasing it MSME lending.Well Fargo Bank also signed a $20 million finance agreement at the event supporting IndusInd Bank’s MSME lending, which commits at least 25% funds to women entrepreneurs.

IndusInd Bank Ltd is currently trading at Rs 1522.7, down by Rs 1.1 or 0.07% from its previous closing of Rs 1523.8 on the BSE.The scrip opened at Rs 1516 and has touched a high and low of Rs 1537.4 and Rs 1516 respectively. So far 112226(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 91180.16 crore.
For Quick Trial – 8962000225✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 ✔
Give a Missed Call for Free Trial - 09699997717✔