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  New Development Bank to provide Rs 6,000 crore loan to Andhra

  India | September 06, 2019 7:16 IST

  The New Development Bank was set up in 2015 by the BRICS countries. The Shanghai-based bank has lent over Rs 75,000 crore to various projects so far all over the world. Out of this Rs 25,000 crore was sanctioned for India.

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  BRICS' New Development Bank launched in Shanghai

  World | July 21, 2015 17:27 IST

  Shanghai: The New Development Bank (NDB) of BRICS commenced business here on Tuesday. The BRICS countries comprise the world's major emerging economies: Brazil, Russia, India, China and South Africa.Chinese Finance Minister Lou Jiwei, Shanghai Mayor

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  BRICS expediting efforts to set up NDB at the earliest: India

  World | December 16, 2014 7:45 IST

  Beijing: India has said it has begun the internal process to set up the USD-100 billion New Development Bank (NDB) aimed at funding projects in developing nation, and hoped other BRICS members would also finalise