Construction worker guides a crane carrying lumber. (Photographer: Bing Guan/Bloomberg).
India's plan to set up a new development finance institution is expected to take final shape by year-end, even as questions remain around how successful such a lender would be without special dispensations from the government and the banking regulator.The proposed National Bank For Financing Infrastructure And Development is likely to be operational by December 2021, two people in the know of the matter said on the condition of anony...