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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.
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