Development Bank News

Efficient and integrated transport solutions are critical for managing the rapid urbanisation and ensuring balanced urban development of the region, said ADBA USD 3 million grant from ADB's Japan Fund for Poverty Reduction will support various activities

Attending a special Board of Governors meeting through video conference on Wednesday, finance minister Nirmala Sitharaman appreciated Kamath’s work 'for his stellar stewardship in very quickly giving shape to the vision stated by the BRICS Leaders in 2014'

The Shanghai-based New Development Bank (NDB) was established by the BRICS (Brazil, Russia, India, China, South Africa) countries in 2014 and is headed by veteran Indian banker K V Kamath

On Thursday, the Centre announced a ₹15,000 crore package to help states with their covid-19 emergency response and health system preparedness

India’s growth projection by ADB is more optimistic than most other forecastersWhile rating agency S&P pegged India’s growth for FY21 at 3.5%, ICRA Research so far has the bleakest estimate of 2%

Provision coverage ratio (PCR) was at 87% as on March 2019, a decrease of 200 basis points from March 2018 levelDuring the March quarter, net interest income (NII) improved by 29% to ₹721.20 crore from ₹559.30 crore in the same period last year

The BRICS Sherpa meeting was held in Brazil's Curitiba city between March 14 and March 15T.S. Tirumurti, Secretary (Economic Relations) in the MEA, led the Indian delegation at the meeting

Annapurna is primarily engaged in providing micro loans to women for income-generating activitiesBringing ADB as an investor will allow Annapurna access long-term credit line from ADB

Sidbi is introducing an internal rating model which will score venture capital funds on various criteria before investing in them through its fund of funds

The larger goal of blending is a noble one and it is time that a common understanding is achieved among the blenders of capital so that both sides know what to expect