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The Economic Times

Global Business / The Economic Times

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India joins talks to set up SCO Development Bank

India is taking notable steps to establish a new SCO Development Bank, with member nations moving towards finalizing the foundational documents for this crucial financial entity. Both Russia and Kazakhstan have shown interest in hosting the headquarters. The bank aims to finance collaborative economic projects while enhancing trade partnerships, marking a significant push for financial independence from traditional systems used for manipulation.

2 Sep 2026 11:42 pm