ADB, StanChart ink partnership to support Indian firms across supply chains

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The Asian Development Bank and Standard Chartered Bank have partnered to boost supply chain finance in India. Agreements include risk-sharing for USD transactions via GIFT City and a guarantee facility for rupee transactions, aiming to expand access for businesses and enhance trade flows.

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IDFC First Bank shares soar 9% after Q1 profit jumps 132% to Rs 1,075 crore. What are analysts saying?

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