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2010-11-17

Yes Bank gets loan for SME funding

Private sector lender, YES Bank has availed a $25-million term loan from the US-based Wells Fargo Bank to finance its small-medium-enterprise (SME) clients in India exclusively. This loan is stri

Private sector lender, YES Bank has availed a $25-million term loan from the US-based Wells Fargo Bank to finance its small-medium-enterprise (SME) clients in India exclusively.
    
This loan is strictly specific to SME clients of the Bank in India and is being guaranteed by the US Government through its agency, the Overseas Private Investment Corporation (OPIC), said the spokesperson.

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