India joins talks to set up SCO Bank
New Delhi: India is participating in negotiations to create a SCO Development Bank, said people familiar with the matter, underlining that the proposed financial institution secured the backing of all member states of the Shanghai Cooperation Organisation (SCO) at their just-concluded summit in Bishkek.The SCO member states are currently in discussions for creating the bank's governance structure and capital, the people said.The creation of the new bank also figured on the agenda when finance m…


