India: IndusInd Bank to set up impact financing unit

Private sector lender IndusInd Bank Ltd is preparing to open a new vertical to focus on so-called impact financing, said Roopa Satish, country head for corporate, institutions and investment banking at IndusInd Bank. The impact financing business will lend to social enterprises working in sectors such as healthcare, education, clean energy and affordable housing, said Satish, adding that the vertical will lend Rs2-15 crore to small and medium enterprises in these sectors.