The investment is being made in 2 phases:
The board of directors of the Asian Infrastructure Investment Bank (AIIB) has approved an equity investment of $100 million in India’s National Investment and Infrastructure Fund’s (NIIF) ‘Fund of Funds’, as part of phase I for its initial closing. The decision was taken at the the bank’s 3rd AGM held in Mumbai recently. AIIB is also considering a further investment of $100 million as part of phase II for the final closing.
NIIF, anchored by the government of India, is a collaborative investment platform for international and domestic investors for investing in commercially viable Indian infrastructure projects. NIIF’s Fund of Funds will anchor and/or invest in funds and some of the sectors of focus include green infrastructure, mid-income & affordable housing, infrastructure services and allied sectors. NIIF Fund of Funds recently announced its first investment, Green Growth Equity Fund, which will invest in renewable energy, clean transportation, water, sanitation and waste management. AIIB will provide expertise to enhance NIIF’s environmental and social risk management capabilities.
“Our investment in the NIIF reflects AIIB’s commitment to support the Government of India in its efforts to promote investment in infrastructure and to mobilize private capital for development,” said AIIB vice president and chief investment officer D.J. Pandian.
The NIIF will provide access to a diversified range of sub-funds and trigger a multiplier effect in attracting capital, said AIIB director general of Investment Operations Dong-Ik Lee. “With AIIB’s investment in the NIIF, we will help pool commitments from long-term investors such as multilateral institutions, sovereign wealth funds, pension funds and insurance companies - within and outside India - to make investments in the country’s infrastructure sector,” he added.
Denne historien er fra July 2018-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 2018-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
