DBS Bank India has announced the extension of its largest Sustainability-Linked Trade Facility (SLTF) to date, amounting to ₹670 crore, to Indorama India Private Limited, a wholly owned subsidiary of Indorama Corporation Pte Ltd. This landmark transaction underscores DBS Bank India’s commitment to responsible banking practices and its support for clients embedding sustainability into their growth strategies. The facility is designed to promote environmentally responsible manufacturing within eastern India’s fertiliser sector and highlights DBS Bank India’s expertise in structuring sophisticated cross-border financing solutions.
The sustainability-linked structure ties trade finance access to clearly defined environmental performance benchmarks. These include targets for reducing greenhouse gas emissions intensity, water consumption intensity, and energy usage intensity.
The facility aligns with internationally recognised Sustainability-Linked Loan Principles, ensuring transparent, measurable, and verifiable progress against the agreed goals. Comprising Letters of Credit (LC), Purchase Invoice Financing (PIF), and Buyer’s Credit Import Advance (BCIA), the facility will support Indorama India’s working capital needs across its trade, procurement, and operational activities.
Commenting on the transaction, Divyesh Dalal, Managing Director and Country Head – Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India, said “Sustainability-linked financing enables us to directly connect capital deployment with long-term environmental outcomes. This transaction reflects our ability to deliver complex financing solutions while supporting clients as they integrate sustainability into their core business strategies. We remain focused on advancing sustainable finance that creates measurable impact.”
Manish Kumar Agarwal, CFO of Indorama India, added:
“Our collaboration with DBS reinforces our commitment to embedding sustainability into our financial and operational framework. The facility strengthens our liquidity position while supporting our ESG objectives and responsible growth agenda. We look forward to building on this momentum as we further advance sustainable finance initiatives.”
This facility builds on DBS Bank India’s broader track record in sustainable finance during 2025. In December, the bank acted as sole adviser and green loan coordinator for a ₹1,280 crore green loan for Tata Realty and Infrastructure Ltd. Earlier in June, it structured a USD 80 million green financing for Aseem Infrastructure.
At the DBS Group level, sustainability-linked trade finance has also expanded across markets. In January 2025, DBS Bank Indonesia announced a USD 20 million sustainability-linked trade finance facility for PT Indo-Rama Synthetics Tbk, following a USD 10 million credit facility completed in 2024.
DBS Bank India continues to receive strong industry recognition for its leadership in corporate and sustainable finance. In 2025, it was awarded Best Bank for Corporate Banking and Best Bank for Corporate Cash Management by CRISIL Coalition Greenwich. In 2024, Global Finance named DBS Bank India Best Bank for Sustainable Finance in India.
DBS is a leading Asian financial services group with operations in 19 markets. Headquartered and listed in Singapore, DBS is strategically positioned across Greater China, Southeast Asia, and South Asia. The bank holds some of the world’s highest credit ratings, including “AA-” and “Aa1.” In 2025, CRISIL reaffirmed DBS Bank India’s CRISIL AAA/Stable rating on its corporate credit facilities, with its certificate of deposit programme rated CRISIL A1+.
DBS has received multiple global accolades, including being named “World’s Best Bank” by Global Finance and Euromoney, and “Global Bank of the Year” by The Banker. It has also been recognised as the “Safest Bank in Asia” by Global Finance for 17 consecutive years from 2009 to 2025.
DBS has operated in India for over three decades and became the first large foreign bank to operate as a wholly owned, locally incorporated subsidiary in the country. Following the merger with Lakshmi Vilas Bank in 2020, DBS Bank India now has a presence across approximately 350 locations in 19 states, serving corporate, SME, and retail customers.
