New Development Bank: Will it fund power projects?
Aug 07:
With an authorized capital of $100 billion and an initial paid-up capital of $50 billion, the New Development Bank is flush with money 8The bank is so far lending on sovereign basis in India 8But it is likely to loosen its purse strings for non-sovereign projects 8If the banking system is putting the squeeze on you, can the New Development Bank help you out? 8You never know. Click on Reports for more