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Axis Bank signed MoU with IPE Global Limited

Published on March 06, 2022
Current Context: India’s one of the major private sector banks, Axis Bank has signed an MoU with IPE Global Limited.
Axis Bank signed MoU with IPE Global Limited
  • The MoU was signed for granting loans for the healthcare sector.
  • They have signed MoU for the SAMRIDH Healthcare Blended Finance Facility with finance of upto USD 150 million.
  • The funds will support various health enterprises and innovators.
  • The SAMRIDH signifies Sustainable Access to Market and Resources for Innovative Delivery of Healthcare.
  • Thus, Axis Bank will grant loans upto USD 150 million through SAMRIDH in order to support the healthcare sector.
  • SAMRIDH is supported by USAID and IIT Delhi and the technical support is given by the Principal Scientific Advisor to the GoI, the National Health Authority, and NATHEALTH.
  • Static Part: 
    • HQ of Axis Bank: Mumbai
    • MD and CEO of Axis Bank: Amitabh Chaudhry
    • HQ of IPE Global Limited: New Delhi
    • MD of IPE Global Limited: Ashwajit Singh

Question: 

Q.1 Which bank has signed MoU with IPE Global Limited to support the health care sector by granting loans upto USD 150 million through SAMRIDH Healthcare Blended Finance Facility?
a. ICICI Bank
b. Axis Bank
c. State Bank of India
d. Kotak Mahindra Bank
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