Federal Bank to Discontinue Financing New Coal Projects

The International Finance Corporation acquired a 4.99% stake in the bank in July 2021

October 8, 2021

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Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) in July 2021.

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Harsh Shukla

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Federal Bank to Discontinue Financing New Coal Projects

Continue Reading with Premium Access

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