Question

    Which bank has signed a partial guarantee facility agreement (PGFA) with ADB to support supply chain financing?

    A ICICI Bank Correct Answer Incorrect Answer
    B HDFC Bank Correct Answer Incorrect Answer
    C Axis Bank Correct Answer Incorrect Answer
    D Punjab National Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    • Axis Bank has collaborated with Asian Development Bank for a partial guarantee programme with initial outlay of USD 150 million (Rs 1,139.85 crore), aimed at supporting supply chain financing for impact sectors. • Axis Bank has signed a partial guarantee facility agreement (PGFA) with ADB to support supply chain financing for impact sectors, under which ADB will provide guarantees (variable) to the lending done by Axis Bank. • Axis Bank focused this programme on ESG (environmental, social and governance) and other priority sectors, re-affirming both institutions' commitments to positive developmental and environmental impact in the country.

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