The Singapore-based DBS Bank's economic research team has revised India's FY23 growth forecast upwards to 7 per cent year-on-year (y-o-y) (CY2022 6.5 per cent) from 6 per cent earlier.
In this regard, the apex bank has appointed Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) as the Administrator of the company under Section 45-IE (2) of the RBI Act.
The Asian Development Bank (ADB) and the Indian government have signed a $ 250 million loan to support the National Industrial Corridor Development Program (NICDP).
EXAMIANS