HDFC's subsidiary HDB to raise $150 million from IFC - Feedback

Proposed IFC debt facility will enable HDB to expand its individual micro & small business loan portfolio in the low-income states (LIS) of India.

HDB Financial Services Limited (HDB), a subsidiary of HDFC Bank Limited, is set to raise $150 million from International Finance Corporation (IFC). The investment will be in the form of senior debt investment, said the World Bank’s investment arm. IFC’s loan to the financial institution described in this SII is targeted for on-lending for MSMEs.

http://www.business-standard.com/article/finance/hdfc-s-subsidiary-hdb-to-raise-150-mn-from-ifc-in-senior-debt-investment-118051700191_1.html

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