#new-development-bank
EPF exempted establishment can now invest in rupee bond of New Development Bank
Rupee bonds having an outstanding maturity of at least three years from NDB has been included along with those issued by the International Bank for Reconstruction and Development, International Finance Corporation and Asian Development Bank
Irdai opens NDB's Maharajah INR bonds to insurers
In a circular dated August 27, the regulator said that it had received representation from New Development Bank to permit Insurers to invest in Maharajah INR Bonds. NDB plans to use the proceeds for general corporate purposes, including financing or onward le…