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Asian Development Bank approves Rs 22-cr grant to India to combat Covid-19

The grant will be used to procure thermal scanners and essential commodities to strengthen the India's Covid-19 response

Covid-19 exposes Asian banks' vulnerability to US dollar funding: ADB

US dollar-denominated lending has increased across banks in high-income Asian economies, notes ADB briefing paper

ADB appoints Election Commissioner Ashok Lavasa as new vice-president

He has extensive experience in public-private partnerships and infrastructure development at the state and federal levels, with deep knowledge on public policy and the role of private sector, it said.

ADB plans to raise $30-35 bn from capital mkt in 2020; sells $4-bn bonds

The 3-year bonds worth $4 billion, with a coupon rate of 0.25% per annum payable semi-annually, have a maturity date of July 14, 2023

ADB raises $4 billion via bonds to help nations fight coronavirus

Manila-based lender plans to raise around $30 billion to $35 billion from the capital markets in 2020

ADB approves $1.5 billion loan for India to fight coronavirus pandemic

The loan has been sanctioned with a view to support immediate priorities such as disease containment and prevention

ADB assures $2.2 bn support package to India to fight Covid-19 pandemic

The bank is also engaged with the private sector to meet its financing needs during this period, ADB said in a statement

ADB cuts India growth estimate to 4% for FY21 amid global Covid-19 pandemic

Growth in South Asia will decelerate to 4.1 per cent in FY2021 and then recover to 6 per cent in FY2022, largely tracking the trend in the dominant Indian economy, according to ADB

Asian Development Bank to invest $100 million in NIIF's fund of funds

With ADB's investment into the NIIF platform, the FoF has now secured $700 million in commitments

COVID-19 will have significant impact on developing Asia's economy: ADB

The magnitude of the economic losses will depend on how the outbreak evolves which remains highly uncertain

ADB to give $4 mn to member countries in Asia, Pacific to fight coronavirus

The funds will be available for all ADB developing member countries in updating and implementing their pandemic response plans

Asian Development Bank lists masala bonds worth Rs 850 crore on India INX

ADB's masala bonds are listed on both Luxembourg exchange and India INX

Top headlines: ADB cuts India growth forecast, IIFL's opportunity, and more

The Asian Development Bank (ADB) on Wednesday trimmed its forecast for India's economic growth in 2019-20 to 5.1 per cent saying consumption was affected by slow job growth and rural distress

ADB trims India's FY20 growth forecast to 5.1%, cites consumption slowdown

ADB said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies

ADB extends $451 million loan for Chennai-Kanyakumari Industrial Corridor

The Chennai-Kanyakumari Industrial Corridor is part of the East Coast Economic Corridor in Tamil Nadu

ADB clears $250-mn loan to help EESL expand energy efficiency investments

EESL was established in 2009 as a joint venture of four public sector undertakings of the Ministry of Power to pursue large-scale energy efficiency investments

ADB to give $451 mn for Chennai-Kanyakumari Industrial Corridor power links

The total cost of the project is $653.5 million, of which the government will provide $202.5 million

US-China trade tensions to dampen Asia's growth prospects, says ADB

ADB also slashed its growth estimate for India to 6.5 per cent from 7 per cent

ADB paints gloomy picture; cuts India FY20 GDP growth forecast to 6.5%

Abrupt declines in manufacturing and investment reflect uncertainty ahead of general elections, subdued lending by banks and other financial institutions, ADB said.

ADB to give $200 mn to upgrade rural roads in 34 districts of Maharashtra

An agreement in this regard was signed between the government and the ADB, the agency said