摘要
THE New Development Bank（NDB）,popularly known as the＂BRICS bank,＂established by Brazil,Russia,India,China and South Africa,should open for business before the end of the year.The bank will be based in Shanghai,but its first chairman is India＇s Kundapur Vaman Kamath.The importance India attaches to this post is shown by Kamath being,prior to his appointment,chairman of ICICI Bank,India＇s largest private lender.
THE New Development Bank(NDB),popularly known as the"BRICS bank,"established by Brazil,Russia,India,China and South Africa,should open for business before the end of the year.The bank will be based in Shanghai,but its first chairman is India’s Kundapur Vaman Kamath.The importance India attaches to this post is shown by Kamath being,prior to his appointment,chairman of ICICI Bank,India’s largest private lender.The NDP will have US$50 billion capital and a US$100 bil-
