Correct Answer : New Development Bank (NDB)
New Development Bank (NDB) will become the first multilateral agency to open an office in the Gujarat International Finance Tech City (Gift) after an approval for the same this week.
NDB vice president representating India Anil Kishora said the multilateral agency will take all requisite steps to make the Indian office operational by the middle of May.
"An office within India will help enhance the bank’s engagement with Indian stakeholders and borrowers, whether existing or potential. They will have easy access to our staff right here, with hardly any need to reach out to the Shanghai headquarters. We chose not to be in Delhi because it will help us to connect with states better and besides all other multilateral agencies are based in the capital which makes it quite crowded," he said..
Source : Economic Times
