New BRICS bank to look at local, international borrowing: President
The New Development Bank being launched by the BRICS group of emerging economies plans to raise money both on local markets and internationally, its president said on Thursday.
Jul 09, 2015, 18:34 PM IST
BRICS bank to consider new memberships within six months
The BRICS New Development Bank will consider membership of new countries within six months, with the most probable new candidates being African states, its first president, India`s K.V. Kamath, said on Wednesday.
Jul 09, 2015, 00:38 AM IST
India to contribute $18 bn to BRICS forex reserves pool
India will contribute USD 18 billion to the USD 100 billion foreign-exchange reserves pool that is being set up by five nations of the BRICS grouping to help each other "in case of any problems with dollar liquidity".
Jul 08, 2015, 16:16 PM IST
Arun Jaitley to attend inaugural meet of BRICS bank at Moscow
During the four-day visit, he will also be participating at the functions on the sidelines of the BRICS Summit at Ufa which is being attended by Prime Minister Narendra Modi.
Jul 06, 2015, 08:35 AM IST
FM Jaitley to attend inaugural meet of BRICS bank at Moscow
During the four-day visit, he will also be participating at the functions on the sidelines of the BRICS Summit at Ufa which is being attended by Prime Minister Narendra Modi.
Jul 05, 2015, 12:17 PM IST
K V Kamath relinquishes ICICI Bank post
Kamath will be the first head of NDB set up by the BRICS Group of emerging market economies.
Jul 02, 2015, 15:48 PM IST
China parliament ratifies BRICS Bank agreement
China`s largely rubber-stamp parliament ratified an agreement with the world`s largest emerging nations on Wednesday to create a new development bank, state news agency Xinhua reported.
Jul 01, 2015, 14:06 PM IST
BRICS bank to be operational by end of 2015: South Africa
The emerging market BRICS nations will have their own development bank by the end of the year, South Africa said Friday.
Jun 27, 2015, 03:48 AM IST
Kamath showers fulsome praise on Modi government for 1st-yr reforms
He said that the long-term impact of various reforms announced by the Modi government over the past year will reap rich dividends for the country and for its ability to achieve and sustain high rates of growth.
May 31, 2015, 13:00 PM IST
KV Kamath to take over as BRICS Bank chief in 10 days: Govt
Eminent banker K V Kamath will take over as the first president of USD 100 billion BRICS bank in next 10 days after he resigns from various board positions he holds, Finance Secretary Rajiv Mehrishi said Thursday.
May 14, 2015, 17:10 PM IST
Kamath to resign from various boards, join BRICS Bank in next 10 days
India's eminent banker K.V. Kamath will resign from various boards and join BRICS Bank in next 10 days, Finance Secretary Rajiv Mehrishi said on Thursday.
May 14, 2015, 16:10 PM IST
KV Kamath named first President of BRICS New Development Bank
Eminent banker K V Kamath will be the first president of USD 100 billion BRICS Bank which will provide infrastructure loans to emerging nations, rivalling multilateral lenders such as World Bank and IMF.
May 11, 2015, 18:03 PM IST
ICICI's KV Kamath appointed as chief of BRICS Development Bank
While the New Development Bank, as it will be called, will be headquartered in Shanghai, India has got the right to nominate the first president.
May 11, 2015, 12:53 PM IST
Top officials of BRICS Bank to be finalised by end of May
The names of the top officials of the BRICS New Development Bank, including its President who will be from India, would be finalised by the end of this month, China's official media reported on Friday.
May 08, 2015, 21:11 PM IST
India close to picking candidate for New Development Bank
India is in the "final stages" of nominating candidate for the President's post of the USD 100-billion New Development Bank (NDB) to be headquartered in Shanghai, Finance Minister Arun Jaitley has informed fellow members of the five-nation BRICS bloc.
Apr 20, 2015, 19:37 PM IST
RBI Governor Raghuram Rajan brushes off talk of top IMF role: Report
The head of RBI, Raghuram Rajan, has brushed off talk that he could be a candidate for the top job at the International Monetary Fund when Christine Lagarde`s term ends next year, according to a newspaper interview.
Apr 08, 2015, 10:36 AM IST
Cabinet approves creation of BRICS bank
India will hold the Presidency of the USD 100-billion NDB for the first six years. The Bank will be based in Shanghai, China's financial hub.
Feb 25, 2015, 21:54 PM IST
BRICS bank should be operational by Aug 2016: Business Council
Established in 2013, the BRICS Business Council comprises 25 prominent entrepreneurs from Brazil, Russia, India, China and South Africa, representing various industries and sectors in the BRICS nations.
Feb 19, 2015, 18:26 PM IST
FinMin floats Cabinet note on BRICS Bank participation
The Finance Ministry has moved the Cabinet seeking approval for India's participation in the BRICS Bank as well as for nominating the first president of the multi-nation development bank.
Feb 08, 2015, 13:10 PM IST
'BRICS bank's bonds must have liquidity for realisation'
Former RBI Governor C Rangarajan on Wednesday said the bonds to be floated by the New Development Bank promoted by the BRICS countries should have liquidity to ensure their easy realisation.
Dec 24, 2014, 16:58 PM IST
