S African influence in BRICS Bank not lesser: Analyst

Last Updated: Thursday, July 23, 2015, 18:33

South Africa's influence in the newly-formed New Development Bank (NDB) will not be marginalised by the fact that it has made the smallest contribution to the initial capital among the BRICS countries, an analyst said Thursday.

China parliament ratifies BRICS Bank agreement

Last Updated: Wednesday, July 22, 2015, 21:21

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.

China should curb competition with India to strengthen BRICS: Media

Last Updated: Wednesday, July 22, 2015, 21:11

China should "curb" geopolitical competition with India and Russia to strengthen the BRICS grouping with the launch of the New Development Bank headed by eminent Indian banker K V Kamath, Chinese media said Wednesday.

BRICS bank launched in China as alternative to World Bank, IMF

Last Updated: Tuesday, July 21, 2015, 17:08

The New Development Bank (NDB) of the five-nation BRICS bloc headed by eminent Indian banker K V Kamath was inaugurated at a colourful function attended among others by Chinese Finance Minister Lou Jiwei and senior officials from BRICS countries.

New BRICS bank opens for business: Xinhua

Last Updated: Tuesday, July 21, 2015, 08:09

The new BRICS bank opened for business in Shanghai on Tuesday, China`s official Xinhua news agency reported.

No shareholding restrictions on BRICS Bank loans: Kamath

Last Updated: Sunday, July 12, 2015, 17:02

"Our aim will be that we do not see only from the point of view of the lenders, but also from the point of view of the borrowers," Kamath told PTI in an interview.

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.

New Development Bank must promote joint BRICS projects: FICCI

Last Updated: Thursday, July 9, 2015, 23:37

Welcoming Prime Minister Narendra Modi's thrust on deeper economic cooperation between BRICS (Brazil, Russia, India, China and South Africa) nations, Ficci Thursday said the New Development Bank must promote projects in infrastructure, renewable energy and skill development.

BRICS voices concern over 'fragile' global growth

Last Updated: Thursday, July 9, 2015, 23:34

BRICS countries, including India, Thursday voiced concern over the "fragile recovery" of global growth and the potential spillover effects from the "unconventional monetary policies" of the developed countries and felt that the BRICS Development Bank will serve as a powerful instrument for financing infrastructure investment.

Narendra Modi proposes 10-point initiative for BRICS nations

Last Updated: Thursday, July 9, 2015, 20:15

Calling it 'Das Kadam: Ten Steps for the Future', Modi put forward new initiatives for the BRICS grouping that is formed by major emerging economies.

BRICS bank to finance energy projects from next year: Vladamir Putin

Last Updated: Thursday, July 9, 2015, 19:44

Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects next year as emerging markets attempt to challenge the Western-dominated financial system.

New BRICS bank to look at local, international borrowing: President

Last Updated: Thursday, July 9, 2015, 18:34

The New Development Bank being launched by the BRICS group of emerging economies plans to raise money both on local markets and internationally, its president said on Thursday.