Indian private banker KV Kamath named first BRICS bank head

May 11, 2015 7:49 AM

61 0

Indian private banker KV Kamath named first BRICS bank head

NEW DELHI Indian private banker K.V. Kamath has been named as the first head of a new development bank being set up by the BRICS group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters on Monday.

The BRICS - Brazil, Russia, India, China and South Africa - agreed to set up the $100 billion development bank last July, in a step toward reshaping the Western-dominated international financial system.

Also read: Warren Buffett praises 'ambitious immigrants' in annual letter to shareholders

Read more

To category page

Loading...