Economy, Banking and Finance · 7 March 2026
Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) and Citi provide USD 76-million co-financing package to Shriram Finance Ltd.
Exam-focused facts from the 7 March 2026 current affairs briefing.
Key facts
- DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) and Citi jointly announced a USD 76 million co-financing package to Shriram Finance Ltd on 4 March 2026.
- DEG extended a 40 million euro loan, equivalent to around USD 46 million, to Shriram Finance Ltd.
- Citi provided a Rs 260 crore loan and acted as lead arranger and coordinator for the financing.
- The funding targets MSMEs, electric vehicle financing, women borrowers, underserved customers, and smallholder farmers across India.
- This marks the second collaboration between DEG and Citi after their 2024 co-financing support to CreditAccess Grameen.