Current Affairs - Banking - Discussion

The Manila-headquartered Asian Development Bank (ADB) said it has approved two loans totalling $570 million (about Rs 4,200 crore) for urban sector projects in Rajasthan and Madhya Pradesh. The $300 million loan has been approved to finance inclusive water supply and sanitation infrastructure and services in secondary towns of Rajasthan. It has approved a $270 million loan for construction of water supply and integrated storm water and sewage management infrastructure in Madhya Pradesh.