Bajaj Fin gets $400 million IFC loan for EV lending

The International Finance Corporation, a World Bank arm, is granting a $400 million loan to Bajaj Finance. The funds will be used to finance customer purchases of electric vehicles, expand into energy-efficient appliances, and empower women-owned microenterprises and borrowers. This initiative is set to quadruple Bajaj Finance's climate loan portfolio to $600 million by 2027.