News
WHOLESALE BANKING | Staff Reporter, India
view(s)

Could setting up specialised banks in India bridge the country's infrastructure gap?

The RBI is looking for ways to finance $1.5t in projects.

According to Bloomberg, India is considering turning to the private sector to help plug a chronic shortage of capital for infrastructure projects. The Reserve Bank of India is proposing Asia’s third-largest economy offer licenses to private companies to set up infrastructure banks.

That could help finance $1.5 trillion in roads, ports, power and other projects over the next 10 years and bridge a gap that ratings agency Standard & Poor’s says is shaving off almost 5 percent of the country’s gross domestic product.

Read more here

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.