Federal Bank disburses the largest amount of climate loans

Mumbai: Federal Bank was awarded the Certificate of Achievement by the International Finance Corporation (IFC), a World Bank Group in recognition of Climate Financing Leadership in the South Asia Region (CSA) during FY 22 for having disbursed 332.9 million USD, making it the largest amount of climate loans disbursed.

IBNS • 8 Feb 2023, 05:00 pm

The award was handed over by Joon Y Park, Regional Portfolio Manager FIG, South Asia at IFC to Ashutosh Khajuria, Executive Director, Federal Bank.

This recognition highlights the Bank’s commitment to promoting sustainable development and mitigating the impacts of climate change through innovative and impactful financing solutions.

On receiving the prestigious award, Ashutosh Khajuria, Executive Director, Federal Bank said, “We believe that climate financing is a critical tool in the fight against global warming, and we will continue to lead the way in this important field. This award inspires us to redouble our efforts and pursue new, even more, impactful initiatives that make a difference in the world.”