BRICS Bank

BRICS Bank News

BRICS development banks agree on local currency lending

"The banks will establish a framework mechanism to extend credit lines in local currencies to the BRICS (Brazil, Russia, India, China, South Africa) ICM members and the BRICS companies against guarantees of the signatory banks," Russian development bank Vnesheconombank said.

BRICS Bank to fund inclusive needs of emerging nations: PM Narendra Modi

The meeting took place ahead of the Summit of leaders of the 20 biggest economies of the world (G20) in Antalya.

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BRICS bank: Govt starts recruitment process

The $ 100 billion NDB is promoted by BRICS nations —Brazil, Russia, India, China, and South Africa for investments in infrastructure in the five nation bloc.

BRICS For The South

The bloc’s bank could, and should, help the world’s most vulnerable people.

BRICS bank to start working on staff recruitment, infrastructure

The $100 billion NDB is promoted by Brazil, Russia, India, China, and South Africa for investments in infrastructure in the five nation bloc.

BRICS Bank to extend first loans by April 2016

For the first three months, the bank expects to seek assistance from member-countries' local development banks.

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$100-bn forex pool pact inked, India’s share at $18 billion

China will make the biggest contribution to the pool: $41 billion. India, Russia and Brazil will donate $18 billion each, while South Africa’s investment will be $5 billion.

NDB holds first meet, sets pathway for formal launch

After India, position at the helm will be transferred to Brazil and then to Russia.

Honoured that the government has nominated me, says K V Kamath

KV Kamath will be the first president of the New Development Bank of the BRICS nations.

Brics & Mortar

Shaji Vikraman tells the story of the new Development Bank to be headed by K V Kamath.

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