Yes Bank II (DFC-2017-YESBANKII)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Yes Bank Limited
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 15, 2020


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Project Description

According to the bank's documents, "Yes Bank will use Project funds of up to USD 200,000,000 to make loans to small and medium enterprises (“SMEs”) throughout India. At least twenty-five percent (25%) of such loans shall be made to women-owned SMEs, and an additional twenty five percent (25%) of such loans shall be made to SMEs in rural states (the “Project”). OPIC’s loan will fund the entire allocation for women-owned SMEs (at least USD 50,000,000) and up to half of the allocation for SMEs in rural states (USD 25,000,000)."

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

The sponsor of this project is Wells Fargo Bank N.A.

Contact Information

No contact information provided at time of disclosure.