RBI deputy sets out Reserve Bank strategies to fund urban infrastructure development

india-property

Harun Khan, a Reserve Bank of India (RBI) deputy governor, said last week that the RBI takes an active interest "on its own initiative" in "sensitising the market" to the financing needs of so-called Urban Local Bodies (ULBs), which drive urban infrastructure development in India.

Khan, speaking at the Conference on Financing Strategies for Urban Infrastructure organized by the Centre for Advanced Financial Research and Learning last Thursday in Mumbai, said that "with public funds falling short

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