PROJECT

Projects

Summary of Investment Information

Project Number

41811

Company Name

RBL Bank Limited

Date SPI Disclosed

Jul 9, 2019

Country

India

Region

South Asia

Projected Board Date

May 31, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jul 6, 2024

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jun 11, 2019
Signed : Jun 21, 2019
Invested : Jul 9, 2019

Sector

Commercial Banking - SME Finance

Project 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.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation