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Yes Bank Infra
Summary of Investment Information

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein that has been prepared by the project sponsor, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein.
The SII is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors.

Project number 36208
RegionSouth Asia
SectorO-AA - Commercial Banking - General
Environmental categoryFI1
Date SPI disclosedFebruary 27, 2015
Projected board dateMarch 20, 2015
Last Updated DateFeb-27-2015
Previous EventsInvested: August 5, 2015
Signed: June 29, 2015
Approved: September 7, 2015
  Overview     Sponsor/Cost/


  E&S Category


and Mitigation  
  Contacts     Supporting


Project Description
The Project comprises an IFC investment in a Green Bond to be issued by Yes Bank, the proceeds of which would be on lent to eligible climate change finance projects mainly in the renewable energy sector. This is expected to be the first Emerging Market Green Bond investment by IFC. The project also includes a long term financing line for on lending to Women owned small and medium sized enterprises.

Founded in 2004, YES Bank Ltd. (“YES Bank” or “the Bank”) is the 4th largest private sector bank in India, with an asset base of c.US$20 billion (Q3FY15). It is one of the fastest growing private sector banks, with the bank’s loan book growing at a CAGR of 29%, over the last 5 years. The Bank has steadily diversified and increased its SME and retail portfolio, which presently comprises 32% of its loan book. As part of its strategy, the Bank aspires to increase the proportion of the SMEs to 50% over the next five years.