IFC Partners with Axis Bank to Provide USD 500 Million Loan to Fund Green Projects in India:
The International Finance Corporation (IFC), private lending arm of the World Bank Group (WBG) has partnered with Axis Bank Limited, India’s leading Private Sector Bank, to provide a loan worth USD 500 million (about Rs 4,200 crore) to help develop a blue finance market and scale up financing of green projects in India.This marks the first blue investment by the IFC in India and the 1st blue transaction by a financial institution in the country. This loan funding will enable Axis Bank to expand its climate finance portfolio.
