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Yes Bank has got another round of USD 150 million funding from the US government and Wells Fargo to fund SME lending.
This has been the third round of funding as part of arrangement between the Overseas Private Investment Corporation (OPIC) and Wells Fargo with the objective of increasing the lending to small and medium enterprises in India.
Yes Bank has said in a regulatory filing that this is the third transaction between OPIC and Yes Bank and comes close on the heels of last year’s USD 265 million OPIC facility, which the bank will use to extend SME financing in India.
