Yes Bank Signs Pact With US Body After Obama's $1 Billion Pledge

New Delhi: Yes Bank on Tuesday signed a pact with Overseas Private Investment Corporation (OPIC), an arm of the US government's development finance institution, for $220 million (about Rs 1,350 crore) loan for on-lending to micro, small and medium enterprises. The loan to the Indian private sector lender is part of OPIC's $1 billion assistance for India, announced by President Barack Obama at the India-US Business Summit on Mond...