Axis Bank has signed a $200 million 7-year bilateral loan deal with the Asian Development Bank (ADB)

Axis Bank, India’s third largest private sector bank, has signed a $200 million 7-year bilateral loan deal with the Asian Development Bank (ADB). The deal will help bolster Axis Bank’s efforts of improving farm efficiency by extending customized and affordable agriculture credit to farmers. The bank would effectively leverage its extensive semi urban and rural branch network to deliver agriculture credit.