Question
Recently IndusInd Bank has announced a strategic
partnership with which of the following international financial organization to support and promote Supply Chain Finance (SCF) solutions in India?Solution
Supply Chain Financing- IndusInd Bank has announced a strategic partnership with Asian Development Bank (ADB) to support and promote Supply Chain Finance (SCF) solutions in India. The Bank has entered into a partial guarantee program with ADB with an initial outlay of USD 70 million (Rs560 crore), exclusively towards promoting Supply Chain Finance solutions in India.IndusInd Bank plans to grow its presence in MSME financing, and this partnership will further strengthen various initiatives of the Bank in this domain. Indulsnd Bank Headquarters: Mumbai CEO: Sumant Kathpalia ADB Headquarters: Manila, Phillipines CEO: Masatsugu Asakawa
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