Economy, Banking and Finance · 19 January 2026

International Finance Corporation (IFC) and Asian Development Bank (ADB) provide USD 350 million to Piramal Finance.

Exam-focused facts from the 19 January 2026 current affairs briefing.

Key facts

  • Piramal Finance secures USD 350 million in multilateral funding from IFC and ADB.
  • IFC commits USD 200 million and ADB commits USD 150 million.
  • Facilities have a five-year tenor and will be drawn in tranches through March 2026.
  • Capital will be deployed to expand affordable housing, MSME, and women-focused lending in tier 2 and tier 3 cities.
  • Piramal Finance targets an additional USD 150 million from development finance institutions, raising total pipeline to USD 500 million.
  • In FY25, the NBFC raised USD 815 million via external commercial borrowings, with ECBs forming 9 percent of total borrowings.

View this story in the full daily briefing

Earlier coverage selected by topic similarity to help connect developments over time.

1729 Capital gets RBI nod to raise Suryoday stake

RBI granted approval to foreign portfolio investor 1729 Capital to hold a total stake of 7.14% in Suryoday Small Finance Bank. As of September 30, the foreign portfolio investor held a 3.81% stake in the bank.