Brics New Development Bank

• 

  BRICS-Led New Development Bank To Establish Regional Office In India

  New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring

• 

  BRICS Bank Follows AIIB And Puts Transactions In Russia On Hold

  The BRICS bloc's New Development Bank (NDB) has put all new transactions in Russia on hold, amidst the Ukraine crisis.

• 

  Nirmala Sitharaman Attended First BRICS Finance Ministers, Central Bank Governors Meeting

  The meeting discussed outcomes of the G20 Saudi Presidency in 2020, a digital platform to encourage infrastructure investments and expanding membership of New Development Bank.

• 

  BRICS Bank Approves Loans For Mumbai Metro, Delhi-Ghaziabad-Meerut Rapid Rail

  The New Development Bank (NDB) of the BRICS countries has approved USD 241 million loan for Mumbai Metro and USD 500 million for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project.

• 

  BRICS To Allocate $15 Billion For Rebuilding Economies Hit By COVID-19

  The New Development Bank of the BRICS grouping will set aside USD 15 billion to help its members tide over the economic crisis triggered by the coronavirus pandemic, Russian Foreign Minister Sergey Lavrov announced after a meeting of the five-nation bloc.

• 

  BRICS Bank Approves $525 Million Loan For Infra Projects In Madhya Pradesh

  The New Development Bank (NDB) of the BRICS countries has approved a $525 million loan to Madhya Pradesh for infrastructure projects, it said on Thursday.

• 

  BRICS Bank Approves $ 400 Million Loans For India, Russia

  The Shanghai-based BRICS New Development Bank (NDB) has approved two infrastructure and sustainable development projects in India and Russia with loans of $ 400 million.

• 

  BRICS To Set Up Credit Rating Agency, Says PM Modi

  Prime Minister Narendra Modi underlined his government's reform agenda while addressing BRICS business council at the 8th BRICS summit in Goa on Sunday.

• 

  BRICS Development Bank To Lend $2.5 Billion Next Year

  The BRICS - Brazil, Russia, India, China and South Africa - agreed to create the New Development Bank (NDB) in July 2014 with initial authorised capital of $100 billion. The lender was officially launched a year later.

• 

  KV Kamath For BRICS Rating Agency, Says Big 3 Constrain Growth

  Batting for a new credit rating agency backed by BRICS group, New Development Bank president KV Kamath said methodologies of the big three global agencies are constraining growth in emerging nations.

• 

  Cabinet Approves Pact Between EXIM Bank, New Development Bank

  The Cabinet, chaired by Prime Minister Narendra Modi, has given its approval for signing of a Memorandum of Understanding (MoU) on general cooperation with NDB through the BRICS Interbank Cooperation Mechanism.

• 

  Bad Loan Worries Overblown, Resolution In Short-Term: Kamath

  Veteran banker and president of the BRICS-promoted New Development Bank K V Kamath on Monday downplayed the NPA (non-performing asset) threats, saying worries about bad debts are overblown and that higher growth will ensure that stressed assets turn productive in the short-term.

• 

  BRICS Bank Approves First Loans, $811 Million for Green Energy: Report

  The New Development Bank (NDB), formed by the BRICS group of emerging nations, has approved its first loans - $811 million for renewable energy projects in Brazil, China, India and South Africa, Russian news agencies reported on Saturday.

• 

  BRICS Moves to Establish Bank Institute, Rating Agency

  BRICS countries on Friday discussed the efficacy of "establishing" a bank institute and a rating agency of their own following the New Development Bank (NDB) becoming fully operational.

• 

  BRICS Bank a 'Worthwhile Venture': Raghuram Rajan

  The RBI governor termed the setting up of the bank by BRICS members - Brazil, Russia, India, China, South Africa (BRICS) - a "worthwhile venture."