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Yes Bank partners with OPIC and Wells Fargo

Capital Market 

To support financing of women entrepreneurs and SME

has teamed up with the Overseas Private Investment Corporation (OPIC), the US Government's Development Finance Institution, and Wells Fargo, on an agreement to increase lending to small and medium enterprises in India.

Under the agreement, OPIC will provide $75 million in financing and up to $75 million in syndicated financing jointly arranged by Wells Fargo to

Specifically, $50 million of the financing would be used to expand support to women owned businesses, while another $50 million will be used for financing SME business in low income states.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 14 2017. 10:12 IST
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