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NDB Bank
April 26 , 2020
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- The Finance Minister Nirmala Sitaraman attended the fifth annual meeting of the Board of Governors of the National Development Bank (NDB) through a video conference.
- NDB assured to provide a financial assistance of 1 billion USD of COVID-19 funds to India.
- The bank was established in 2014 by BRICS member countries.
- It supports both public and private projects.
- The initial authorized capital of the bank was 100 billion USD.
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