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RBL Debt I

Sector: Residential • Location: India

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project envisages a senior loan of US$150 million to RBL Bank (“RBL” or the “Bank”). The proceeds of the proposed project will be utilized in the following manner (i) US$100mn to support the expansion of RBL’s micro, small and medium enterprises (MSME) and individual business loans(<$100k) portfolio in the Low-Income States (LIS) of India and (ii) US$50mn earmarked to fund climate sma

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The project “RBL Debt I” is an infrastructure initiative in the Residential sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Status

Original status

completed

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Description

Description

The proposed project envisages a senior loan of US$150 million to RBL Bank (“RBL” or the “Bank”). The proceeds of the proposed project will be utilized in the following manner (i) US$100mn to support the expansion of RBL’s micro, small and medium enterprises (MSME) and individual business loans(<$100k) portfolio in the Low-Income States (LIS) of India and (ii) US$50mn earmarked to fund climate smart projects. RBL is a mid-sized old private sector bank in India that was established in 1943. It was granted the status of a scheduled commercial bank in 1959. It currently services over 5.82mn customers through a network of 288 Branches, 221 Banking Outlets and 390 ATMs spread across 19 Indian states and Union Territories.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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