PROJECT

Projects

Summary of Investment Information

Project Number

48034

Company Name

HDFC BANK LIMITED

Date SPI Disclosed

May 13, 2024

Country

India

Region

South Asia

Projected Board Date

Feb 26, 2024

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

May 17, 2024

Department

CF4S1 - Regional Industry - FIG Asia & Pac/FIG India, Bhutan, Maldives

Industry

Financial Markets

Previous Events

Approved : Feb 26, 2024
Signed : Apr 15, 2024
Invested : May 14, 2024

Sector

Commercial Banking - SME Finance

Project Description

The project envisages a proposed lending to  HDFC Bank Limited (HDFC or the Bank), India’s largest private sector bank and second largest bank overall. The proposed lending consists of a loan of up to US$500 million to support the Bank’s lending to women borrowers for income generation purposes. The proceeds of the IFC loan will be used for on-lending to women borrowers as microloans under Self Help Group (SHGs) and Joint Liability Group (JLGs) enrolled in HDFC Bank’s Sustainable Livelihoods Initiative (SLI), the Bank’s business line responsible for microfinance lending program.          

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation