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Australia to join China-led infrastructure bank

Last Updated: Wednesday, June 24, 2015, 15:42

Australia on Wednesday announced that it will join the new China-led Asian Infrastructure Investment Bank as a founding member, contributing about 930 million dollars to the financial institution of which India will be the second-largest shareholder.

Govt has not decided on recapitalisation figures for banks: FM Jaitley

Last Updated: Tuesday, June 23, 2015, 13:15

Talking about the Asian Infrastructure Investment Bank, Jaitley said India will be the second largest shareholder in it after China.