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Which Bank announced a partnership with the Asian Development Bank (ADB) to support and promote supply chain finance solutions in India?
RBL Bank
Federal Bank
IndusInd Bank

Correct Answer : Option (D) - IndusInd Bank

Private sector bank IndusInd Bank has announced its partnership with Asian Development Bank (ADB), a regional development bank catering to Asia and Pacific region, to create a partial guarantee programme to encourage supply chain finance solutions in India.  
The initiative will have an initial outlay of $70 million (Rs 560 crore), said IndusInd Bank in a statement.
With the collaboration, the bank is looking forward to expand its MSME portfolio and strengthen its existing strategies for the sector. 
IndusInd already has a few product structures for SCF and a digital portal called ‘earlyCredit’ to enable supply chain financing for corporates, suppliers and dealers. 

Published On : September 5, 2022
Category : Banking