Archive · 31 Oct 2025
City Union Bank Secures $50 Million IFC Commitment for Green MSME Financing
Imagine small and medium-sized businesses in India that are like the backbone of the country's economy.
Sometimes, paying for electricity is very expensive for them, which makes it hard to grow.
City Union Bank has received a special $50 million from the International Finance Corporation.
This money is like a helping hand to these businesses.
It will be used to give them loans so they can buy solar panels or other ways to use cleaner and cheaper energy.
This helps the businesses save money, become more efficient, and also helps the planet by reducing pollution.
It's a way for the bank and its partner to support India's economy and its environmental goals.
City Union Bank has secured a $50 million commitment from the International Finance Corporation (IFC) for green financing.
The funds will support Micro, Small, and Medium Enterprises (MSMEs) in transitioning to energy-efficient and cost-effective solutions.
Utilisation includes new lending and refinancing of solar power-related loans for MSMEs.
The initiative aims to reduce high energy costs for MSMEs, boosting their competitiveness and supporting sustainable growth.
IFC's investment seeks to expand access to sustainable finance for India's MSME sector and contribute to its energy transition.
- Who
- City Union Bank (CUB) and International Finance Corporation (IFC)
- What
- CUB secured a $50 million commitment from IFC for green financing to support MSMEs in transitioning to energy-efficient solutions.
- When
- Published on October 31, 2025
- Where
- India
- Why
- To support MSMEs in achieving sustainable growth, reducing energy costs, improving competitiveness, and contributing to India's low-carbon emission goals.
- Bank
- City Union Bank (CUB)
- Financier
- International Finance Corporation (IFC)
- Commitment Amount
- $50 million
- Purpose
- Green financing for Micro, Small, and Medium Enterprises (MSMEs)
- Key Areas
- Renewable energy lending, particularly solar power
- CUB's Existing Solar Lending (Last 4-5 quarters)
- ~₹500 crore