Question

    ADB has entered into a partnership with _______ to

    support and promote supply chain finance solutions in India.
    A Axis Bank Correct Answer Incorrect Answer
    B HDFC Bank Correct Answer Incorrect Answer
    C ICICI Bank Correct Answer Incorrect Answer
    D IndusInd Bank Correct Answer Incorrect Answer
    E None of these 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 .

    Practice Next