 "investment, small cap, mid cap")
International Finance Corporation (IFC) is planning to invest up to $20 million (around Rs 1,400 million equivalents) in Suryoday Small Finance Bank. The proceeds will be used to support Microfinance Borrowers.
The investment will be in the form of sub-debt investment. IFC’s proposed investment will help the company to expand the outreach of access to low-income borrowers who have little or no access to formal sources of financing and strengthening its balance sheet through the availability of long tenor debt.
World Bank's investment arm said that the proposed investment would demonstrate IFC's continued support to its financial inclusion partners, which
