'Super rich in emerging economies prefer 2nd home abroad'

Last Updated: Thursday, August 13, 2015, 17:53

UHNW individuals are defined as those with at least USD 30 million (about Rs 200 crore) in assets.

NDB's first loan will be in Chinese currency: Kamath

Last Updated: Friday, July 24, 2015, 12:31

The NDB opened in Shanghai on July 21 to finance infrastructure projects, mainly in BRICS countries.

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.

BRICS bank launched in Shanghai, to work with AIIB

Last Updated: Tuesday, July 21, 2015, 09:34

The NDB has initial capital of $50 billion, which will be expanded to $100 billion within the next couple of years.

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.

BRICS, AIIB banks to break IMF, WB monopoly: China think tank

Last Updated: Monday, July 13, 2015, 18:40

The formation of the New Development Bank (NDB) by the BRICS nations along with the formation of the Asian Infrastructure Investment Bank (AIIB) will break the monopoly of the IMF and World Bank and make their functioning more democratic, a state-run Chinese think tank has said.

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.

Exim Bank, BRICS member development banks ink MoU with NDB

Last Updated: Friday, July 10, 2015, 15:32

Export-Import Bank of India (Exim Bank) on Friday said it has signed a multilateral agreement to cooperate with New Development Bank (NDB) along with other member development banks of BRICS nations.

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.