Question

    IndusInd Bank has announced a strategic partnership with

    _______ to support and promote Supply Chain Finance (SCF) solutions in India?
    A NDB Correct Answer Incorrect Answer
    B ADB Correct Answer Incorrect Answer
    C AIIB Correct Answer Incorrect Answer
    D IMF Correct Answer Incorrect Answer
    E World Bank Correct Answer Incorrect Answer

    Solution

    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.

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