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BRICS bank to start lending in local currency by April: Kamath

Last Updated: Friday, July 10, 2015, 12:26

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.

BRICS vow to coordinate actions to protect their economies

Last Updated: Friday, July 10, 2015, 00:24

The BRICS emerging nations said on Thursday they were worried about the volatility of global financial markets and oil prices and agreed to coordinate efforts to keep their economies stable.