(15 June 2023 – India) Citi has launched a sustainable time deposit solution for its institutional clients in India.
The time deposit solution is designed to assist clients when investing excess cash, whilst supporting their sustainability goals, Citi said in a press release.
This is the solution’s third market, following its launch in Singapore and Hong Kong.
The funds will be allocated to finance or refinance assets in a portfolio of social finance projects, which include expanding access for low-income and underserved communities across affordable basic infrastructure, housing, economic inclusion, education, food security, and healthcare.