International Finance Corporation loan for women

The International Finance Corporation (IFC) has provided a $10 million loan to ASA Microfinance Bank (Pakistan) Ltd. This four-year loan aims to expand financing for women entrepreneurs and microbusinesses nationwide. According to Dawn Business, the loan will enhance ASA MFB's on-lending capacity and provide liquidity stability to serve more clients as the bank scales its operations.

In a separate development, the IFC and Bank Alfalah have signed a $100 million financing agreement under the Diversified Payment Rights (DPR) Programme, as reported by Dawn. The programme provides an innovative mechanism for mobilising long-term foreign currency financing through eligible future foreign-currency payment flows. The initiative aims to diversify sources of external financing and facilitate greater access to international capital markets.

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹8.10 lakh on Shri Ram Finance Corporation Private Limited for non-compliance with certain provisions of the directions issued by RBI on ‘Governance’ and the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions’, as per the Reserve Bank of India.

Brief written by urgent.news from Dawn Business, Reserve Bank of India, Dawn — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.