YES Bank is raising $125 million from the International Finance Corporation (IFC) that will be used to increase the bank’s exposure to the small and medium enterprise (SME) segment. It involves a five to seven year senior loan of $60 million from IFC\\\'s accounts and a syndicated loan of $65 million.
YES Bank is raising $125 million from the International Finance Corporation (IFC) that will be used to increase the bank’s exposure to the small and medium enterprise (SME) segment. It involves a five to seven year senior loan of $60 million from IFC's accounts and a syndicated loan of $65 million.
The investment will support the bank in providing finance access to the SME sector and improving the bank's asset-liability (ALM) mismatches, while growing its assets and reach to improve market share, IFC noted in a disclosure on its website.
The disclosure said, “At a time when most banks move to larger/safer credits, IFC's dedicated MSME line will enable Yes Bank to continue its programme of reaching incremental MSMEs and agri customers. IFC's credit line will deepen the partnership in this market segment, enabling Yes Bank to utilise its growing, high quality network and execution capabilities to serve these high priority customers, which IFC can’t reach on its own,".
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