PROJECT

Projects

Summary of Investment Information

Project Number

49221

Company Name

CSB Bank Limited

Date SPI Disclosed

Nov 6, 2024

Country

India

Region

South Asia

Projected Board Date

Dec 6, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 29, 2024

Department

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

Industry

Financial Markets

Previous Events

Approved : Dec 20, 2024
Signed : Dec 23, 2024
Invested : Dec 27, 2024

Sector

Commercial Banking - General

Project Description

 The proposed investment consists of a US$ denominated senior loan of up to US$100 million for a tenor of up to 3 years and 3 months to CSB Bank Limited (CSB or the Bank). IFC’s investment proceeds will be utilized by CSB for on-lending to Micro, Small and Medium Enterprises (MSMEs), self-employed borrowers (for business/ income generation purposes), women-owned MSMEs (WMSMEs) including self-employed women borrowers, and for providing retail agricultural loans (the Project).                                                  

Associated Advisory Engagement

 IFC plans to engage with the Bank through an advisory engagement aimed at expanding their (M)SME portfolio.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation