DBS Bank has successfully completed Aseem Infrastructure Finance Limited's (AIFL) first External Commercial Borrowing (ECB) and green loan amounting to USD 80 million. AIFL, a Non-Banking Finance Company registered with the Reserve Bank of India and backed by the National Investment and Infrastructure Fund, provides financial solutions for infrastructure projects, including clean energy initiatives. DBS Bank Ltd. led this transaction as the sole mandated lead arranger through its IFSC Banking Unit in GIFT City.
India's energy demand is projected to rise significantly due to urbanization and industrial growth. Renewable energy currently contributes a growing share to the power mix, with an installed capacity of approximately 220.10 GW as of March 31, 2025, aligning with India's target of achieving 500 GW of non-fossil fuel energy capacity by 2030. AIFL plays a crucial role in providing funding solutions aimed at sustainable development.
DBS Bank Ltd., acting as the sole sustainability coordinator for this USD 80 million transaction, offered structuring support based on internationally recognized sustainable finance principles. In 2024, Global Finance recognized DBS as the Best Bank for Sustainable Finance in India.
Rajat Verma, Managing Director and CEO of DBS Bank India Ltd., stated: “This maiden green loan is a milestone for AIFL, and DBS is proud to be a trusted partner in their journey as they support India’s transition to a decarbonised future."
Virender Pankaj, CEO at Aseem Infrastructure Finance, commented: “This maiden ECB transaction represents a pivotal step in our mission to drive sustainable development by harmonising economic growth with environmental responsibility. Facilitated by DBS Bank Ltd., this loan empowers us to channel investments into Renewable Energy projects, catalysing climate-positive infrastructure across India. It sets a lasting benchmark for eco-conscious infrastructure development. We are delighted to partner with DBS, whose global expertise and commitment to sustainable finance perfectly aligns with our vision for responsible, impact-driven infrastructure lending.”
DBS has been named 'Safest Bank in Asia' by Global Finance for 16 consecutive years since 2009. In 2025, it was recognized as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India by CRISIL - Coalition Greenwich.
DBS is headquartered in Singapore and operates across Greater China, Southeast Asia, and South Asia. It has been acknowledged globally for its leadership in banking innovation and sustainability practices.
For more information about DBS or media inquiries:
- Rohini Rego from DBS Bank India can be contacted at rohinirego@dbs.com or via phone at 99305 49207.
- Kashni Kadakia from Adfactors PR can be reached at kashni.kadakia@adfactorspr.com or via phone at 9820562269.