Will approve loans worth $4.5 billion this year, says KV Kamath of New Development Bank
Updated : March 12, 2018 05:54 AM IST
Kamath said that plan is to scale up the approval of loans by 25 percent each year and will hit their target of USD 31 billion by 2021
Kamath said that this method will remain to be strong once their rating exercise is taken care of.
The bank's aim is to mobilize and fund resources for infrastructure and development projects in the BRICS nations.
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