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World Bank approves $4.3-bn loan to India
http://www.business-standard.com/india/news/world-bank-appro...
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2 months, 1 week, 13 hours agoThe World Bank today approved four loans worth $4.3 billion (about Rs 20,631 crore) to help India finance its infrastructure programmes and further strengthen the capital base of state-run banks. The approved loan includes a a budgetary support of $2 billion for capital infusion in select public sector banks to help them maintain credit growth.
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“This is a crucial time to support India. While the worst of the crisis seems to be behind us, doubts linger about the strength of the comeback, partly because the strength of the global recovery is uncertain,” said Roberto Zagha, World Bank country director for India.
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