Aiib

FM urges AIIB to scale up investment in renewal energy, smart technologies

Finance Minister Nirmala Sitharaman on Friday asked the Asian Infrastructure Investment Bank (AIIB) to scale up investment in renewal energy and smart technologies and also urged the multilateral agency to set up a regional office in India. AIIB President Jin Liqun called upon the finance minister here and discussed various issues of relevance to the bank. "While appreciating AIIB's growing portfolio in India, FM Smt.@nsitharaman suggested that @AIIB_Official should scale-up #investments and mobilise private finance in India's key priority areas including #RenewableEnergy, #EnergyEfficiency and climate #SmartTechnologies," the finance ministry said in a tweet. India is a founding member of AIIB with the second-highest voting share. India holds 7.74 per cent equity in the multilateral bank, next only to China (29.9 per cent). "As India is the largest client of @AIIB_Official, FM Smt.@nsitharaman reiterated that AIIB should plan to set up a regional presence in India to facilitate .

No plan to set up resident board in Beijing, says AIIB chief economist

Berglof said AIIB wants to do it differently from how other multilateral developments banks have done

A major recession in developed countries is unlikely: AIIB chief economist

We will have inflation at an elevated level for some time, says AIIB chief economist Erik Berglof

AIIB puts its projects in Russia, Belarus on hold due to Ukraine crisis

The bank's decision was regarded as noteworthy considering that Russia is its third-largest shareholder

AIIB to invest $150 mn in development of data centres serving Asia

Many low- and mid-income countries lack their own domestic data infrastructure, and the disparities in data center penetration among countries with different income levels are wide

Ex-RBI governor Urjit Patel appointed as vice president of AIIB

Former RBI governor Urjit Patel was on Tuesday appointed as vice president for investment operations in South Asia at the Beijing-based Asian Infrastructure Investment Bank (AIIB)

Former RBI Governor Urjit Patel appointed Vice President of AIIB

Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday. India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the second highest voting share after China. It is headed by former Chinese vice minister for finance Jin Liqun. Patel, 58, will be one of the five Vice Presidents of the AIIB with a three-year tenure. He is expected to take over his posting next month. He will succeed outgoing Vice President D J Pandian, who is in charge of sovereign and non-sovereign lending of the AIIB in South Asia, the Pacific Islands and South-East Asia, AIIB sources told PTI. Pandian, who has previously served as the chief secretary of Gujarat, is set to return to India later this month. Patel had taken over as the 24th Governor of the Reserve Bank of India (RBI) succeeding Raghuram Rajan on September 5, 2016. Patel resigned in December, 2018 "on accoun

Sustainability will be the key driver for growth: AIIB's Erik Berglöf

Countries offering decarbonisation opportunities will be more competitive, says AIIB chief economist Erik Berglöf

Stimulus package and reforms have put economy on track: FM Sitharaman

She took part in the annual meeting of the board of governors of Asian Infrastructure Investment Bank (AIIB) via video conference

AIIB to extend $356 mn loan for Chennai Metro Rail expansion

Phase-2 of the project will ensure seamless multimodal transport across Chennai, with integrated access to suburban rail, bus stations and the main airport

India needs more to convince banks, NBFCs to lend to MSMEs: AIIB economist

The Indian government needs to take more steps to encourage banks and NBFCs to lend more to MSMEs, according to Asian Infrastructure Investment Bank (AIIB) Senior Economist Abhijit Sengupta.

Centre signs $304 mn pact with AIIB for power transmission network in Assam

The total estimated cost of the project is $365 million, of which $304 million will be financed by the AIIB and rest by the state government

China-backed AIIB to help vaccine rollout, expects steady lending in 2021

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) will follow other development banks in helping to finance the rollout of vaccines, its president said

AIIB in talks with India for financing of $8-billion health infra scheme

The Beijing-based multilateral funding agency had earlier approved a financial assistance of $1.2 billion for India to fight the Covid-19 pandemic

AIIB to step up lending in India; plans to approve loans worth $3 billion

India is the largest borrower, which accounts for 25% of the total lending by AIIB so far

AIIB extends $50 mn loan to L&T Infra Finance for Renewable Energy

This is the first tranche of a $100 mn loan by the Bejing-based multilateral development bank; proceeds will be used to on-lend to large and mid-scale wind and solar power infra projects in India

Asia needs India for post-Covid cooperation

India's pivotal position in South Asia, its strong economic ties with ASEAN+6 countries and its presence in the G20 make its participation critical

AIIB, central bank among 16 China-based entities registered as FPI in India

While AIIB is a multilateral development bank, which has got India as a member too, PBoC is China's central bank

Top headlines: Franklin apologises to Sebi, RIL sells another 2.32% in Jio

Business Standard brings to you the top headlines of the day

AIIB extends $500 mn loan to India to deal with coronavirus crisis

The bank's board of directors has approved a loan to India to strengthen the preparedness of the country's national health system