Question
ADB has entered into a partnership with _______ to
support and promote supply chain finance solutions in India.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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