new policy banks

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

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

Jul 24, 2015, 12:31 PM IST

BRICS bank launched in Shanghai, to work with AIIB

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

Jul 21, 2015, 09:34 AM IST