India – Business Wire India • The funding will enable Aseem Infrastructure to accelerate the development of renewable energy projects across India.

• DBS Bank Ltd. is the sole mandated lead arranger for this transaction through its branch in GIFT City.

DBS Bank announced the completion of Aseem Infrastructure Finance Limited’s (AIFL) first External Commercial Borrowing (ECB) and green loan of USD80 million. AIFL is an RBI registered NBFC – IFC (Non-Banking Finance Company – Infrastructure Finance Company), backed by NIIF (sovereign-linked alternative asset manager anchored by the Government of India), that provides focused and customised financial solutions to the infrastructure sector, including funding the development of clean energy projects. DBS Bank Ltd. led the transaction as the sole mandated lead arranger through its IFSC Banking Unit (IBU) in GIFT City.* As one of the world’s fastest-growing major economies, India’s energy demand is expected to increase significantly over the next decade, driven by rising urbanisation and industrial development. Renewable energy has been contributing an increasing share in the power mix, with installed capacity at ~ 220.10 GW as of March 31, 2025 (Ministry of New and Renewable Energy), in keeping with the national target of achieving 500 GW of non-fossil fuel energy capacity by 2030. With a vision to create a climate positive world, AIFL plays a key role as a credit institution, with funding solutions that are not mere financial transactions, but building blocks for a sustainable future.

As the sole sustainability coordinator of this USD 80 million transaction supporting renewable energy projects in India, DBS Bank Ltd. provided structuring support grounded in internationally recognised sustainable finance principles. In 2024, Global Finance named DBS the Best Bank for Sustainable Finance – India, further underscoring the bank’s broader commitment to responsible banking.

Managing Director and CEO of DBS Bank India Ltd., Rajat Verma, commented on the deal, saying, “This maiden green loan is a milestone for AIFL, and DBS is proud to be a trusted partner in their journey as they support India’s transition to a decarbonised future." Virender Pankaj, CEO at Aseem Infrastructure Finance, said, “This maiden ECB transaction represents a pivotal step in our mission to drive sustainable development by harmonising economic growth with environmental responsibility. Facilitated by DBS Bank Ltd., this loan empowers us to channel investments into Renewable Energy projects, catalysing climate-positive infrastructure across India. It sets a lasting benchmark for eco-conscious infrastructure development. We are delighted to partner with DBS, whose global expertise and commitment to sustainable finance perfectly aligns with our vision for responsible, impact-driven infrastructure lending.” DBS has been named 'Safest Bank in Asia' by Global Finance for 16 consecutive years since 2009. In 2025, DBS Bank India was recognised as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India by CRISIL - Coalition Greenwich. The bank combines a strong global lineage with a deep understanding of the Indian market to offer a full range of institutional banking, SME and retail banking services.

* DBS Bank Ltd. opened an IFSC Banking Unit (IBU) in the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, in 2023.

About DBS DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. In 2025, CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 16 consecutive years from 2009 to 2024. In 2025, DBS Bank India was recognised as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India by CRISIL - Coalition Greenwich. Reinforcing its commitment to responsible banking and business practices, DBS was also named Best Bank for Sustainable Finance – India by Global Finance in 2024 and Best Bank for Diversity & Inclusion – India by Euromoney in 2024.

DBS Bank has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

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