Page 22 - Banking Finance October 2024

PRESS RELEASE

4 Awards won by Jana Small Finance Bank at 2nd ICC Emerging Asia

Banking Conclave & Awards

Jana Small Finance Bank was honoured with the titles of Best Small Finance Bank, India, Best Performance on Profitability
(Runners-up), Best Performance on Asset Quality, and Best Performance on Risk Management. This quadruple win underscores
the bank's exceptional performance across key metrics and its dedication to providing innovative financial solutions.
Commenting on the achievement, Mr. Ajay Kanwal, MD and CEO of Jana Small Finance Bank, said, "We are thrilled to
receive these awards, which validate our team's hard work and dedication. On behalf of our 22,000+ strong employee
base, I would like to thank ICC for conferring us with these awards. Such felicitations motivate us to work harder for
aspirational India. Our success is a testament to the trust and support of our customers, stakeholders, and employees. We
are committed to continuing our journey of innovation and growth."

The awards ceremony was attended by Mr. Gopal Tripathi, Head - Treasury and Capital Markets. Jana Small Finance Bank's
continued success is a testament to its unwavering focus on delivering exceptional customer experiences and driving positive
change in the financial landscape.

India Exim Bank inks pact with Nedbank Limited, South Africa

Export-Import Bank of India (India Exim Bank) has signed a Master Risk Participation Agreement (MRPA) with Nedbank
Limited (Nedbank), South Africa, under India Exim Bank’s Trade Assistance Programme (TAP), for supporting trade
transactions. The agreement was signed on September 2, 2024, in Johannesburg, South Africa by Mr. T.D. Sivakumar,
Chief General Manager of India Exim Bank and Mr. Yudhvir Harrilal, Divisional Executive, International Financial Institutions
(IFI), Nedbank.
India Exim Bank, through its global network of offices and wide range of financial, advisory and capacity building activities,
has strived to play a catalytic role, as a key player, in promoting India’s international trade and investment relations with
partner countries, while contributing to the internationalisation endeavours of Indian businesses.
Under TAP, India Exim Bank provides credit enhancement to trade instruments, thereby augmenting the capacity of
commercial banks/financial institutions to undertake cross-border trade transactions involving markets where trade lines
are constrained, or where the potential has not been harnessed.
During the signing of the agreement, Mr. Sivakumar highlighted that over the last few months, India Exim Bank has
supported multiple trade transactions with several countries in Asia, Africa, Latin America, among others under TAP,
covering a wide range of sectors including agriculture, automotive parts, capital and engineering goods, food, iron &
steel, textiles, among others. With the increasing diversification of India’s global trade towards developing countries,
African countries have emerged as significant trade partners for India. As per Ministry of Commerce and Industry, India’s
total trade with Africa amounted to USD 83.4 billion in FY 2023-24. The conclusion of MRPA with Nedbank opens up
opportunities to facilitate incremental trade between India and Africa. Such support towards trade facilitation would
complement and strengthen the growing economic engagement between India and Africa.

HDFC Bank and JLR India Sign MoU for Auto Financing
HDFC Bank and JLR India have signed a Memorandum of Understanding (MoU) for auto financing. The Bank will now be
JLR’s preferred vehicle financier. This will bring a host of benefits for consumers such as special financing schemes, exclusive
offers/ events, and priority services / engagements.
By leveraging the combined strengths of both brands, the aim is to provide customers with seamless financing options
and a modern luxury car buying experience. The MoU which encompasses offerings for the entire range of JLR models,
was signed by Mr. Rajan Amba – Managing Director JLR India and Mr. Arvind Vohra – Group Head, Retail Assets HDFC
Bank. Present on the occasion were other senior executives from HDFC Bank including Mr. Akhilesh Kumar Roy – Business
Head, Auto Loans & Inventory Finance HDFC Bank.

20 | 2024 | OCTOBER | BANKING FINANCE