Axis Bank, IPE Global commit $150mn loan for India health infra, post Covid

Axis Bank on Thursday said it has committed a USD 150 million (about Rs 1,140 crore) loan for strengthening the healthcare infrastructure in the country in association with IPE Global, in the aftermath of the pandemic.

The continued threat of new variants has reinforced the need to boost investments and partnerships in the health sector.

Axis Bank has committed to strengthening India’s healthcare infrastructure by signing an MoU with IPE Global for the SAMRIDH Healthcare Blended Finance Facility, the bank said in a release.

“Under this partnership, Axis Bank will provide affordable finance of up to USD 150 million through SAMRIDH, to support health enterprises and innovators who would otherwise not have access to affordable debt financing,” said the country’s third largest private sector bank.

Nikos Papachristodoulou

Chief Operating Officer

Expertise

Partnership Development • Operations Management • Business Development • Project Management • Advocacy • Leadership Development and Change Management

M.K. Padma Kumar is involved in developing strategies and managing operations for the IPE Global Group.

He has over 25 years of experience in the development sector, working in civil society organisations and international development agencies like DANIDA and DFID. As the Head of State Partnerships at the DFID India, he was responsible for developing partnerships, programme design, management and strategic oversight of all programmes implemented in Bihar, Madhya Pradesh and Odisha. He has managed various development programmes. His expertise lies in driving operational, financial and programmatic transformations. Before DFID, he was associated with Danish International Development Agency (DANIDA), Help Age and World Wildlife Fund.

He holds a Master’s degree in Business Management with specialisation in Human Resource Management and Finance. He is extensively trained in Project Cycle Management, Grant Management, Performance Management, Leadership Skills and Change Management.

 

Abdul Rahim

Chief Knowledge Officer

Expertise

Management Consulting • Finance • Governance • Change Management • Knowledge Management • ICT4D • Communications • Business Strategy

Abdul Rahim is a senior development professional with over 20 years of experience across diverse sectors, including urban, health, rural & social development, and IT & e-governance. He has led several large, multi-year, multi-departmental projects such as the Health Systems Development Initiative (HSDI) for the Government of West Bengal; Odisha Modernising Economy, Governance & Administration (OMEGA) programme for the Government of Odisha, and Growth Resources and Opportunities for Wealth Creation (GROW) with the Government of Bihar.

He played a key role as the Quality Monitoring and Evaluation Expert in the DFID-supported Knowledge Partnership Programme (KPP), Knowledge Management (KM) and M&E Specialist in USAID-supported SAMRIDH and SAMVEG Projects. He has served as the Cross-Learning Platform Expert for the BMGF-supported WeCan programme. He has been an advisor to several government agencies throughout India and internationally across Bangladesh, Afghanistan and Jordan.

He holds a Post Graduate Diploma in Business Management from XLRI Jamshedpur (India). He is an accredited Management Teacher from AIMA. He’s a a certified Trainer, NLP Practitioner and a member of Toastmasters International & Junior Chamber International.

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