Yes Bank becomes first Indian bank to launch green infrastructure bonds

Q.   Name the private bank that announced plans to launch India’s first Green Infrastructure Bond worth Rs. 500 crore, proceeds from which will be used to fund solar power, wind power, biomass, and small hydel projects?
- Published on 24 Feb 15

a. SBI
b. ICICI
c. HDFC
d. Yes Bank

ANSWER: Yes Bank
 
This proposed Green Infrastructure Bond is claimed to be the first such bond in the country and the money will be used to fund renewable energy and energy efficiency projects.

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