Current Affairs - Finance - Discussion

Piramal Finance successfully raised USD 350 million from the International Finance Corporation (IFC) and the Asian Development Bank (ADB), marking its first borrowing from development finance institutions. The 5-year loan under the Sustainable Finance Framework aims to expand lending for affordable housing, MSME credit, and women borrowers in tier-2 and tier-3 cities. Piramal Finance is also pursuing an additional $150 million from other DFIs to reach a total target of $500 million in FY26. This initiative highlights the institution’s focus on promoting inclusive growth and sustainable financial solutions for underserved segments.