ADB and Standard Chartered Supply Chain Finance Agreements
Why in the news
The Asian Development Bank and Standard Chartered Bank agreed on risk-sharing deals to widen trade and supply chain finance for Indian firms, covering both dollar and rupee transactions.
Key facts
- Signed in: Mumbai, June 2026.
- Signatories: Bhargav Dasgupta (Vice-President, ADB) and P.D. Singh (CEO, Standard Chartered Bank India and South Asia).
- Goal: bridge financing gaps, improve risk-sharing and help exporters and importers, including during global supply-chain stress.
- Coverage: domestic and cross-border trade.
Two-part structure
| Currency | Instrument | Route |
|---|---|---|
| US Dollar | Risk Participation Arrangement (RPA) | Through GIFT City, Gujarat |
| Indian Rupee | Partial Guarantee Facility (PGF) | Onshore transactions |
About the institutions
- ADB: regional development bank for Asia-Pacific, set up in 1966, headquartered in Manila. Has 68 members (49 regional, 19 outside). India is a founding member. Provides loans, technical assistance, grants and equity. Major shareholders include Japan, the US, China, India and Australia.
- Standard Chartered: British multinational bank based in London, formed in 1969 by merging The Standard Bank of British South Africa with The Chartered Bank of India, Australia and China. Present in India for over 165 years.
- GIFT City: Gujarat International Finance Tec-City in Gandhinagar, India’s first International Financial Services Centre. Regulated by IFSCA (set up in 2020 under the IFSCA Act, 2019); permits foreign-currency transactions under a special regime.
Exam angle
- USD leg: RPA via GIFT City; INR leg: PGF.
- ADB headquarters: Manila; year of establishment: 1966.
- IFSC regulator: IFSCA.