City Union Bank (CUB) has announced that it has secured a USD 50 million commitment from International Finance Corporation (IFC), a member of the World Bank Group, to support micro, small, and medium enterprises (MSMEs) in adopting energy-efficient and cost-effective solutions. The agreement between the lender and IFC was formally executed on October 31, 2025.
According to the regulatory filing, the funding will be utilised to help MSMEs migrate towards greener technologies and enhance sustainable business practices. The bank clarified that the deal does not involve any equity stake, special rights, or related-party arrangements. The drawdown of funds will take place at a later stage, with no outstanding balance at present.
CUB stated that this strategic association reinforces its focus on sustainability-linked lending and green financing, aligning with the national priority of boosting clean energy adoption in the MSME sector. No additional security has been offered for this commitment as of now.
The bank has also issued a public notice regarding the partnership in accordance with disclosure norms.
