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Aseem Infrastructure Finance Ltd. (AIFL), an RBI-registered Infrastructure Finance Company backed by the Government of India through NIIF, has secured its first USD 80 million External Commercial Borrowing (ECB) and green loan from DBS Bank Ltd. Structured and arranged solely by DBS through its GIFT City branch, the funds will accelerate the financing of renewable energy projects across India. The transaction also marks DBS's role as the sole sustainability coordinator, reinforcing its leadership in responsible banking. India's clean energy ambitions, including the 2030 target of 500 GW non-fossil capacity, continue to attract strategic green financing.
Aseem Infrastructure Finance Ltd. (AIFL), a specialised NBFC-Infrastructure Finance Company backed by the National Investment and Infrastructure Fund (NIIF), has secured its maiden green loan and External Commercial Borrowing (ECB) worth USD 80 million. The deal was arranged solely by DBS Bank Ltd. through its IFSC Banking Unit based in GIFT City, Gandhinagar. The funding is aimed at expediting the rollout of renewable energy initiatives across India, supporting the country's shift towards sustainable infrastructure development. Advertisement
AIFL, known for offering tailored financing to infrastructure projects, especially in the clean energy sector, will use the funds to channel investments into climate-resilient developments. With India?s energy demands surging due to increasing urbanisation and industrial expansion, renewable energy capacity has become a crucial priority. As per the Ministry of New and Renewable Energy, installed renewable capacity stood at approximately 220.10 GW as of the end of March 2025. The country is pushing towards its ambitious 500 GW non-fossil fuel capacity target by 2030.
DBS played a pivotal role in the transaction not just as lead arranger but also as the sole sustainability coordinator, providing support aligned with global sustainable finance frameworks. The bank's involvement underlines its growing presence and influence in India's green finance space. In recognition of its broader sustainability efforts, Global Finance had earlier named DBS the Best Bank for Sustainable Finance - India in 2024.
Rajat Verma, Managing Director and CEO of DBS Bank India, noted that this green loan marks a major milestone for AIFL and highlighted DBS's ongoing commitment to India's decarbonisation journey. Echoing this sentiment, AIFL's CEO Virender Pankaj remarked that the ECB transaction would help harmonise infrastructure growth with environmental goals, adding that DBS's global expertise in sustainable financing made it an ideal partner.
DBS Bank, which opened its GIFT City IFSC Banking Unit in 2023, has long been a recognised name in responsible and resilient banking. It has held the title of 'Safest Bank in Asia' from Global Finance for 16 consecutive years and continues to expand its presence in India following its merger with Lakshmi Vilas Bank in late 2020. Today, DBS Bank India operates across 350 locations in 19 states, offering services to corporates, SMEs, and retail customers alike.
In 2025, DBS was further recognised as the Best Bank for Corporate Banking and Corporate Cash Management in India by CRISIL - Coalition Greenwich. With top-tier credit ratings of "AA-" and "Aa1", the Singapore-headquartered bank operates in 19 markets and has emerged as a leader in digital banking and financial innovation.
Source- PTI
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