IFC intends to make more affordable housing investments in India

Low-priced, green residences remain a strategic focus for World Bank Group member

PRAMUGDHA MAMGAIN, DealStreetAsia

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.

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