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The International Finance Corporation has provided $500 million loan to which bank for providing microloans to women in rural areas?

HDFC bank

HDFC bank
2024 May
4
4.75/5

The International Finance Corporation provided a $500 million loan to HDFC Bank on May 17, 2024. This loan will support women microfinance borrowers, specifically those in self-help groups and joint liability groups engaged in sustainable livelihood initiatives. Unlike non-banking finance companies, which charge higher rates, HDFC Bank can offer cheaper loans due to its access to lower-cost funds from CASA deposits.

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