AIIB will not negatively impact BRICS Development Bank: China

Last Updated: Wednesday, July 1, 2015, 17:48

The bank will complement existing multilateral banks connectivity in the region.

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.

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

Last Updated: Friday, June 26, 2015, 23:33

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

BRICS members hail integration ahead of July forum

Last Updated: Friday, June 19, 2015, 18:22

BRICS member states --Brazil, Russia, India, China and South Africa -- cheered new integration trends with the announcement of the formation of the BRICS Development Bank, ahead of the group`s upcoming forum in July.

India may become top BRICS nation under Modi: Cisco chief

Last Updated: Wednesday, June 10, 2015, 16:54

The chances of India becoming top emerging country of the BRICS grouping are "extremely good" under Prime Minister Narendra Modi, tech giant Cisco's Chairman and CEO John Chambers said Wednesday.

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.

No plans to turn BRICS into military alliance: Russia

Last Updated: Thursday, May 28, 2015, 00:13

Russian Deputy Foreign Minister Sergei Ryabkov said on Wednesday that there was no plan to turn the BRICS grouping into a military alliance.

Looking forward to serve BRICS nations: Kamath

Last Updated: Friday, May 15, 2015, 14:09

Equal capital contribution has been decided so that the development bank does not fall into the ownership pattern of IMF and the World Bank.

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.