PROJECT

Projects

Summary of Investment Information

Project Number

39493

Company Name

BAJAJ FINANCE LIMITED

Date SPI Disclosed

May 8, 2017

Country

India

Region

South Asia

Projected Board Date

Jun 9, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Apr 4, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jun 7, 2017
Signed : Jun 16, 2017
Invested : Oct 10, 2017

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

The proposed project involves the subscription by IFC to Non-Convertible Debentures issued by Bajaj Finance Limited ("BFL", the "Company") for on-lending to micro small and medium enterprise ("MSME").

 

BFL is a diversified NBFC operating across different business segments - Consumer (43%), SME (42%), Commercial (12%) and Rural (3%). As of Dec 31, 2016, BFL has total assets under management of around US$ 9.23 billion and has reached out to more than 19 million customers through a widespread network branches and customer touch points.

Associated Advisory Engagement

Not applicable

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation