The committee will also be fully empowered to consult or invite any person it deems fit, and can devise its own procedures for its internal functioning, the RBI said
Rate cut off the table for now; focus is on other measures to ease stress in system
Praising the decision of the RBI for extending moratorium to borrowers till August, Kamath said it was very well done
With the Modi government having completed nearly eight months of its second term, speculation is rife regarding the first major reshuffle of the Cabinet and the council of ministers
Ahead of the New Development Bank's annual meeting here, the multilateral institute's president, K V KAMATH, says it plans to issue $300-500 million worth of 'masala bonds' by August. A talk with Arup Roychoudhury on its priorities for the year ahead and some policy issues. Edited excerpts: What is the New Development Bank's plan for the year and which sectors in India will it focus on?Last year, we did $1.5 billion of lending. This year, we plan to lend $2.5-$3 bn. We raised money last year through renminbi bonds worth roughly $450 million. So, we have got our feet wet and got cracking. This year, we will also look at issuing masala bonds (issued abroad but denominated in rupees) worth $300-500 mn. That will happen by July-August, once we have these rated by international rating agencies.Our focus is on sustainable infrastructure. Within that, we have prioritised 'green' projects. Other areas we are focusing on include water projects and roads. Areas which will open up are various ...
However, the NDB chief also cautioned Modi govt against excessive populism
India and China are the biggest contributors to the global growth, says the NDB President
NDB has started disbursing loans for various green infrastructure projects in the five countries
Interview with President, New Development Bank (NDB)
New Development Bank president K V Kamath says the processes of economic growth and asset resolution will take care of the bad loans challenge
Kamath also played down the hype about India overtaking China by posting better growth rate