Debt Debt financing
Bajaj Finance to raise $400-M from IFC
Source Bajaj Finance Ltd (BFL) (opens in a new tab)Business Line (opens in a new tab)
The International Finance Corporation (IFC) will provide a USD 400 million loan to Pune-headquartered Bajaj Finance Ltd (BFL) , a non-banking financial company (NBFC). This funding, part of BFL’s USD 1 Billion fundraising initiative, aims to expand access to climate finance for electric vehicles (EVs) and energy-efficient consumer goods (EECG) in India.The investment is set to boost competitiveness in the climate finance sector, align with national climate goals, and enhance financial inclusion across the country.