PROJECT

Projects

Summary of Investment Information

Project Number

50729

Company Name

CSB Bank Limited

Date SPI Disclosed

Feb 17, 2025

Country

India

Region

South Asia

Projected Board Date

Nov 12, 2024

Environmental Category

FI-3 - No Impact

Status

Pending Signing

Last Updated Date

Feb 19, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004

Sector

Commercial Banking - Trade

Project Description

The proposed investment consists of a Trade Finance facility under IFC’s GTFP (Global Trade Finance Program) for US$40 million for up-to a tenor of 12 months to CSB Bank Limited (CSB). The program will be utilized for guaranteeing trade-related payment obligations of CSB.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation