BRICS bank to start lending in local currency by April: Kamath
The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year and member countries will primarily be the focus of credit facility, its chief and eminent banker K V Kamath said here on Friday.
Jul 10, 2015, 12:26 PM IST
Modi proposes 10-point initiative for BRICS nations
India will be the next chair of BRICS for 11 months beginning February next year.
Jul 09, 2015, 20:38 PM IST
Unilateral sanctions hurting global economy: PM Modi
Prime Minister Narendra Modi today said that "unilateral sanctions" are hurting the global economy, in a veiled attack on the West which has imposed sanctions on Russia over the Ukraine crisis.
Jul 09, 2015, 16:17 PM IST
BRICS Bank to keep borrowers' interest in mind: Kamath
In a major shift from the way multilateral lenders functions, borrowers' interest will be paramount for the USD 100-billion BRICS Bank as against the common practice of lenders' view getting preference, the first chief on the new institution K V Kamath has said.
Jul 09, 2015, 14:23 PM IST
Strong economic cooperation required among BRICS nations: Modi
Prime Minister Narendra Modi on Thursday said that a strong economic cooperation is required among the BRICS nations.
Jul 09, 2015, 13:20 PM IST
NDB to set its own standards; no rivalry with others: Kamath
Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.
Jul 08, 2015, 19:38 PM IST
