Axis Bank has signed an MoU with IPE Global for strengthening India's healthcare infrastructure by providing affordable finance of up to USD 150 million (about Rs 1,140 crore) through SAMRIDH.
India's third-largest private sector bank, Axis Bank has been awarded IFR Asia's Asian Bank of The Year, for its breadth of coverage and depth of expertise in the Asian investment banking space.
SAMRIDH is supported by United States Agency for International Development (USAID) and Indian Institute of Technology-Delhi (IIT-D). SAMRIDH stands for Sustainable Access to Markets and Resources for Innovative Delivery of Healthcare.