View: India’s new bank for infra financing is clearly mandated to have a ‘developmental role’

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View: India’s new bank for infra financing is clearly mandated to have a ‘developmental role’

As Nirmala Sitharaman let us know on Tuesday, it is to start with an equity base of Rs 20,000 crore — the largest-ever institutional startup — plus a one-time Rs 5,000 crore grant from the government. This will enable leveraging Rs 3 lakh crore additional fun…
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