Yes Bank signs loan agreements with OPIC & Wells Fargo Bank

Aggregating $265 million to support small business growth in India

Yes Bank has signed an agreement with the Overseas Private Investment Corporation (OPIC), the U.S. Government's Development Finance Institution, for debt financing of $245 million to increase lending to micro, small and medium enterprises in India. U.S. based lender Wells Fargo Bank, N.A. will act as a sponsor and co-lender to the project, providing a loan of $20 million, bringing the facility amount to $265 million. Specifically, half of the financing will be used to support either Micro-SMEs or SMEs in the underserved rural and urban markets.

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