BRICS bank to start lending in local currency by April: Kamath

BRICS bank to start lending in local currency by April: Kamath

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.

BRICS Bank to keep borrowers' interest in mind: Kamath

BRICS Bank to keep borrowers' interest in mind: Kamath

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.

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

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

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

K V Kamath relinquishes ICICI Bank post

Kamath will be the first head of NDB set up by the BRICS Group of emerging market economies.

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

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

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.

R Seshasayee appointed non-executive chairman of Infosys

Seshasayee replaces K V Kamath who stepped down to join BRICS Bank as its first president.

Looking forward to serve BRICS nations: Kamath

Equal capital contribution has been decided so that the development bank does not fall into the ownership pattern of IMF and the World Bank.

Kamath to resign from various boards, join BRICS Bank in next 10 days

India's eminent banker K.V. Kamath will resign from various boards and join BRICS Bank in next 10 days, Finance Secretary Rajiv Mehrishi said on Thursday.

ICICI's KV Kamath appointed as chief of BRICS Development Bank

While the New Development Bank, as it will be called, will be headquartered in Shanghai, India has got the right to nominate the first president.

FinMin sets up panel for MSME sector

The sector provides jobs to 60 million people in different segments such as readymade garments, leather, gems and jewellery, light engineering and handicrafts.

Murthy got cost equation right, successor to take it forward: Kamath

Commending the role of N R Narayana Murthy, veteran banker K V Kamath Friday said the Infosys co-founder had "got the cost equation right" to improve topline growth.

Infosys names Vishal Sikka CEO; Murthy and son to step down this week

Sikka, who quit SAP in May, comes in after four straight years of narrowing margins at Infosys. He will also be the company's managing director.

Economy now seeing blue sky; time to focus on growth: Kamath

With a decisive electoral mandate in hand, the government needs to accelerate the process of "clearing overdue receivables" for the corporate sector and ensure revival of the economic growth momentum, top banker K V Kamath has said.

Kamath, Mohandas Pai, Balakrishnan played a role in my return: NRN Murthy

Murthy, who retired in August 2011, was called back in June last year to take charge of the once IT bellwether that failed to keep pace with the growth posted by industry peers like TCS and HCL Technologies.

Corporate governance should go beyond form filling: Kamath

Companies should make corporate governance a part of their internal process where it does not remain a mere form filling or box ticking exercise, ICICI Bank's non-executive chairman K V Kamath said here Friday.

Infosys braces for stormy AGM today

Co-founders and the board of India's second-largest global software major Infosys Ltd are bracing for a stormy 32nd annual general meeting (AGM) - over a "son rise" - in this tech hub Saturday.

Kamath hails direct cash transfer; says it can trim fiscal gap

Describing the direct cash transfer scheme as a game-changer, noted banker and Infosys co-chairman K V Kamath today said the soon-to-be-launched programme will help reduce budgetary deficit by checking the seepages.

India Inc for long term policies to revive growth

Corporate honchos, led by Infosys chairman K V Kamath and GVK Group vice-chairman Sanjay Reddy on Saturday said long-term policies were needed to revive sagging growth and blamed lack of policy clarity, coupled with high interest rate for the current economic problems.

Interest rate hurting; RBI should cut rate gradually: Kamath

High interest rate is hurting the common man and RBI should cut interest rate gradually to spur economic growth, ICICI Bank Chairman K V Kamath has said.