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The International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution, is partnering with Axis Bank, one of the largest private sector banks in India, to provide a $500 million loan to help develop a blue finance market and scale up financing of green projects in India. This is IFC’s first blue investment in India and the first blue transaction by a financial institution in the country. Blue loans are financing instruments that raise and earmark funds for investments such as water and wastewater management, reduction of marine plastic pollution, restoration of marine ecosystems, sustainable shipping, eco-friendly tourism, and offshore renewable energy. This transaction is also the largest green financing by IFC in the country. The funding will enable Axis Bank to expand its climate finance portfolio.
Which regulatory body introduced the asset class under which Mutual Funds Lite (MF Lite) schemes would fall, offering greater flexibility to investors i...
Find the ODD one out from the given options.
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Which state government has increased the upper age limit by five years for the government job aspirants from the year 2022?
What achievement did Aman Sehrawat accomplish at the Paris 2024 Olympics?
Which flying squirrel resurfaced in Arunachal Pradesh recently, and when was it last described?
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The World Bank has approved a grant of _____ to set up an integrated road safety enforcement system in Shimla and Nurpur police districts and develop ...
