International Finance Corporation (IFC) – the financial arm of the World Bank, and two investment funds managed by IFC Asset Management Company – IFC Financial Institutions Growth Fund and IFC Emerging Asia Fund, have made an equity investment of ₹9.16 billion (~$126 million) for a 4.99% stake in Federal Bank. The equity investment is expected to grow and strengthen Federal Bank’s Environmental, Social, and (Corporate) Governance (ESG), portfolio, with increased financing for green energy projects.