J.P. Morgan, ADB partner to widen working capital financing access for Indian firms

JPMorgan Chase & Co.

23/10/2026 08:58

MUMBAI, Oct 23 (Reuters) - J.P. Morgan JPM.N and multilateral lender Asian Development Bank [RIC:RIC:ADB.UL] will expand their working capital financing program to India, the US-based bank said.
The program, which will involve a risk-sharing framework, will help manufacturers, buyers and suppliers secure funding for growth and trade at a time when businesses are facing challenges due to increasingly complex global supply chains.

Here are some details:
J.P. Morgan's statement from Thursday did not specify a financing amount or when the program is expected to launch
The framework is part of ADB's trade and supply chain finance program and offers risk mitigation solutions across trade and supply chain finance products
It will target businesses in food, pharmaceuticals, electric vehicles, renewable energy and sustainability-focused sectors
ADB's guarantee and J.P. Morgan Payments' financing capabilities will help broaden support for businesses, said Steven Beck, head of trade and supply chain finance at ADB.

 (Reporting by Ashwin Manikandan; Editing by Sonia Cheema)
 ((Ashwin.Manikandan@thomsonreuters.com;))