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New Development Bank

01 Apr 2017

Criteria being worked out for new NDB membership: Kamath

New Development Bank, funded by the BRICS group of nations including India, has approved the terms and conditions for adding new members and will come out with a final criteria for the same, NDB head K V Kamath said on Saturday.

01 Apr 2017

Jaitley exhorts NDB to advance $2 bn infra loan

Finance Minister Arun Jaitley on Saturday called on the New Development Bank to lend USD 2 billion for Indian infrastructure projects, a request that the lender said could be met in two years.

National Development Bank

23 Jan 2017

BRICS countries' NDB to double lending every year; staff count to increase: Kamath

BRICS countries' National Development Bank expects its lending to double every year over the next 2-3 years and is looking at leveraging its USD 10 billion capital in first 6-7 years, NDB President K V Kamath has said.

19 Jan 2017

Globalisation set for 'new normal', India in sweet spot: Kamath

Kamath also said India and China are going to remain in focus in any debate on globalisation as they contribute a big chunk today to the global growth.

16 Oct 2016

NPA not an issue, rate cuts to fetch Rs 2.5 trillion gains: K V Kamath

Seeking to allay fears arising from dud loans pile-up, veteran banker K V Kamath said interest rate cuts will give troubled lenders Rs 2.5 trillion boost through treasury gains that will help the system tide over troubles and also ease pressure on growth capital.

New Development Bank

10 Jul 2015

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.

09 Jul 2015

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.

08 Jul 2015

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.

02 Jul 2015

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.

09 Jun 2015

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.

05 Jun 2015

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.

05 Jun 2015

R Seshasayee appointed non-executive chairman of Infosys

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

15 May 2015

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.

14 May 2015

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.

11 May 2015

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.

Finance Ministry

27 Nov 2014

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.

N R Narayana Murthy

27 Jun 2014

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.

13 Jun 2014

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.

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