ANSWER: Both
Explanation:
IFC was established in 1956 as the private sector arm of the World Bank Group to advance economic development by investing in strictly for-profit and commercial projects that purport to reduce poverty and promote development.
The World Bank’s investment arm International Finance Corporation (IFC) has invested $145 million (around Rs 950 crore) in six of the 10 companies that have been granted small finance bank licences with a collective client base of nine million.