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Saarc Bank

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BSCAL

The Federation of Indian Chambers of Commerce & Industry (Ficci) has called for the setting up of a Saarc Development Bank as a regional financial institution to support joint ventures among Saarc countries. The bank would promote the limited current account convertibility among South Asian countries for liberalising cross-border capital flow as has been the practice between India and Nepal, says Ficci in a statement issued yesterday.

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First Published: Nov 28 1997 | 12:00 AM IST

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