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The IndusInd Bank has signed an agreement with Overseas Private Investment Corporation for raising USD 225 million loan for supporting expansion of its micro, small and medium enterprise lending programmes across India.
Dev Jagadesan, Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer said that “Fostering access to finance opportunities for women entrepreneurs and micro, small and medium enterprise (MSME) is important for increasing higher economic output throughout India.”
Romesh Sobti, managing director and chief executive officer of IndusInd Bank has said that “This agreement with OPIC will help IndusIndBank to further enhance our MSME lending franchise, thus providing the impetus to some of the major growth drivers of our economy.”
