Milan, 6 May 2025: Export-Import Bank of India (India Exim Bank) and the Asian Development Bank (ADB) signed a Confirming Bank Agreement (CBA) under ADB’s Trade and Supply Chain Finance Program (TSCFP). The Agreement was executed by Ms. Trupti Mhatre, General Manager, Trade Facilitation Group, India Exim Bank, and Mr. Steven Beck, Director and Head of ADB‘s Trade and Supply Chain Division, on the sidelines of the 58th ADB Annual Meeting in Milan, Italy on 6 May 2025.

Both institutions share a strong working relationship built over the years, and this CBA is expected to further strengthen it by facilitating and strengthening India’s trade in Asia and the Pacific region.

Under India Exim Bank’s Trade Assistance Program (TAP), 72 countries across continents have been identified for supporting India’s trade. The Bank supports various trade instruments, including LC confirmation and negotiation, provides credit enhancement to Indian partner banks by way of issuing SBLCs and risk participation. Since the inception of the Program in 2022, the Bank has supported over 1100 transactions aggregating US$ 3.02 billion by partnering with over 100 banks in 51 countries across geographies, thereby supporting 163 Indian companies, including 38% MSMEs, based in 62 cities from 19 states across India, supporting an array of sectors.

This Agreement between India Exim Bank’s TAP and ADB’s TSCFP is designed to fill market gaps for trade finance by providing guarantees to banks. Under the CBA, ADB will provide India Exim Bank partial or full guarantees to cover payment risks on overseas banks.

ADB, with 69 members, is the leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. It is working with its members and partners to solve complex challenges together, while harnessing innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet.

India Exim Bank, a wholly owned Government of India institution, has over the years, played a catalytic role in financing, facilitating and promoting Indian companies in their effort to reach overseas markets.

For More information, please contact: 

Ms. Trupti Mhatre, General Manager, India Exim Bank, 21st floor, Centre One Building, World Trade Centre Complex, Cuffe Parade, Mumbai. 

Phone: +91-22-22172308; Email: tap[at]eximbankindia[dot]in