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.

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.

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 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.

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.

BRICS Bank to keep borrowers' interest in mind: Kamath

Last Updated: Thursday, July 9, 2015, 14:23

In a major shift from the way multilateral lenders functions, borrowers' interest will be paramount for the USD 100-billion BRICS Bank as against the common practice of lenders' view getting preference, the first chief on the new institution K V Kamath has said.

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.

NDB to set its own standards; no rivalry with others: Kamath

Last Updated: Wednesday, July 8, 2015, 19:38

Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.

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.

New technologies pose challenge to Infosys: Seshasayee

Last Updated: Monday, June 22, 2015, 17:24

Traditional business models were being disrupted by new technologies and new ideas, which pose challenges and opportunities, Infosys` non-executive chairman R. Seshasayee said on Monday.

ICICI Bank appoints M K Sharma as new non-executive Chairman

Last Updated: Tuesday, June 9, 2015, 17:06

ICICI Bank Tuesday announced the appointment of M K Sharma, a former Vice Chairman of Hindustan Unilever Limited, as the non-executive Chairman for a period of five years, in place of K V Kamath.

Seshasayee replaces Kamath as Infosys Chairman

Last Updated: Friday, June 5, 2015, 17:17

Seshasayee, whose appointment is with immediate effect, has been an Independent Director on the company's Board since January 2011 and is the chairperson of the Audit Committee.