BRICS bank to consider new memberships within six months

Last Updated: Thursday, July 9, 2015, 00:38

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.

India to contribute $18 bn to BRICS forex reserves pool

Last Updated: Wednesday, July 8, 2015, 16:16

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".

Arun Jaitley to attend inaugural meet of BRICS bank at Moscow

Last Updated: Monday, July 6, 2015, 08:35

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.

FM Jaitley to attend inaugural meet of BRICS bank at Moscow

Last Updated: Sunday, July 5, 2015, 12:17

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.

K V Kamath relinquishes ICICI Bank post

Last Updated: Thursday, July 2, 2015, 15:48

Kamath will be the first head of NDB set up by the BRICS Group of emerging market economies.

China parliament ratifies BRICS Bank agreement

Last Updated: Wednesday, July 1, 2015, 14:06

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.

BRICS bank to be operational by end of 2015: South Africa

Last Updated: Saturday, June 27, 2015, 03:48

The emerging market BRICS nations will have their own development bank by the end of the year, South Africa said Friday.

Kamath showers fulsome praise on Modi government for 1st-yr reforms

Last Updated: Sunday, May 31, 2015, 13:00

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.

KV Kamath to take over as BRICS Bank chief in 10 days: Govt

Last Updated: Thursday, May 14, 2015, 17:10

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.

Kamath to resign from various boards, join BRICS Bank in next 10 days

Last Updated: Thursday, May 14, 2015, 16:10

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.

KV Kamath named first President of BRICS New Development Bank

Last Updated: Monday, May 11, 2015, 18:03

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.