YES Bank gets $150 million from OPIC to fund SME lending
Posted on:15 Jul 2017 09:35:16
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15 July 2017 Current Affairs: YES Bank received $150 million funding from the United States Government and Wells Fargo to increase lending to support women entrepreneurs and small and medium-sized enterprises in India.
It is the third round of funding to the bank as part of an arrangement with the Overseas Private Investment Corporation (OPIC) -the US government development finance institution and Wells Fargo.
According to the agreement, OPIC will provide $ 75 million in financing jointly arranged by Wells Fargo Bank to Yes Bank.
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