Thursday, July 29, 2021

World Bank arm IFC holds nearly 5% stake in Federal Bank with Rs 916 crore capital infusion

Increased financing for climate-friendly projects as well as more financing for small businesses to help accelerate India's economic recovery from COVID-19 are expected in the wake of a USD 126 million (Rs 916 crore) equity investment in the bank, IFC and Federal Bank said in a joint release on Thursday.

from Banking/Finance-Industry-Economic Times https://ift.tt/37526I3

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