HDB Financial Services
Sector: Government • Location: India
Source: International Finance Corporation (IFC)
The proposed investment comprises senior debt investment in HDB Financial Services Limited (“HDB” or the “Company”) which is a non-banking finance company(“NBFC”) providing financing to micro-small and medium enterprises (“MSMEs”) across India, and is a subsidiary of HDFC Bank Limited, India’s largest private sector bank. HDB operates through a pan-India (22 states and 4 union territories) distrib
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Description
Description | The proposed investment comprises senior debt investment in HDB Financial Services Limited (“HDB” or the “Company”) which is a non-banking finance company(“NBFC”) providing financing to micro-small and medium enterprises (“MSMEs”) across India, and is a subsidiary of HDFC Bank Limited, India’s largest private sector bank. HDB operates through a pan-India (22 states and 4 union territories) distribution network of more than 1,160 branches across 831 cities and offers a range of loan products, both secured and unsecured. As of March 31, 2018, HDB has an asset base of INR447,539 million (US$6.9 billion) and loan portfolio of INR435,727 million (US$6.7 billion). HDB’s primary focus is on borrowers whose credit requirements are less than US$10,000).The proposed IFC debt facility will enable HDB to expand its individual micro& small business loan portfolio in the low-income states (“LIS”) of India. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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