signed a strategic partnership with Asian Development Bank (ADB) to support and promote the supply chain Finance Solutions in India, the bank said in a stock exchange filing on Friday. It has entered into a partial guarantee program Asian Development Bank With an initial outlay of Rs 560 crore, specifically to boost supply chain finance Solution in India.

With Supply Chain Finance (SCF) being a focus area, the Bank has undertaken several strategic initiatives including the launch of new product framework for SCF. In addition, the Bank has recently launched a state-of-the-art digital portal for SCF -‘earlycreditEnabling 24*7 seamless processing of SCF transactions for Corporates, Suppliers and Dealers.

IndusInd Bank aims to increase its presence in MSME The funding and this partnership will further strengthen the Bank’s various initiatives in this area.

Amitabh said, “At IndusInd Bank, we look forward to finance the entire ecosystem of a corporate entity by offering holistic SCF solutions meeting the end-to-end requirements of both the corporate and their dealers/suppliers.” Saraf, Head – financial ServicesSME Business & SCF, IndusInd Bank said.

“Partnership with a global organization such as ADB strengthens our SCF platform, which is a leading provider in the country. This association will further open up opportunities for the Bank to innovate and

We provide our clients with the best financial solutions,” said Saraf.