DealStreetAsiaIFC intends to make more affordable housing investments in India
Low-priced, green residences remain a strategic focus for World Bank Group member
The International Finance Corporation since 2013 has invested over $2.5 billion in financers and developers of affordable housing in India. © AP
PRAMUGDHA MAMGAIN, DealStreetAsia
November 23, 2023 12:31 JST
NEW DELHI -- The International Finance Corporation, a member of the World Bank Group, has proposed a debt investment of up to $100 million in India's AU Small Finance Bank (AUSFB). Concurrently, it has proposed an equity investment of up to $40 million in Vastu Housing Finance, a non-banking financial company.