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Banking - General Knowledge Questions
What amount of loan has been sanctioned by Axis Bank for India's healthcare sector, under SAMRIDH facility?
A)
USD 100 million
B)
USD 150 million
C)
USD 175 million
D)
USD 200 million

Correct Answer :   USD 150 million

Axis Bank on Thursday(3rd March 2022) said it has committed a USD 150 million (about Rs 1,140 crore) loan for strengthening the healthcare infrastructure in the country in association with IPE Global, in the aftermath of the pandemic.
 
The continued threat of new variants has reinforced the need to boost investments and partnerships in the health sector.
 
Axis Bank has committed to strengthening India's healthcare infrastructure by signing an MoU with IPE Global for the SAMRIDH Healthcare Blended Finance Facility, the bank said in a release.
 
"Under this partnership, Axis Bank will provide affordable finance of up to USD 150 million through SAMRIDH, to support health enterprises and innovators who would otherwise not have access to affordable debt financing," said the country's third largest private sector bank..

Source : Business Standard

Published On : March 5, 2022
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