Who has been appointed as President of BRICS development bank?
Options
1) Kv Kamath
2) Ketan Parikh
3) deepak Parekh
4)Chanda Khochar
answer
Kv Kamath
Other details
BRICS states (Brazil, Russia, India, China and South Africa)
New Development Bank (NDB), fwas earlier known as BRICS Development Bank,
Its an alternative to the World Bank and International Monetary Fund
BRICS countries details
3 billion people
41.4 percent of the world’s population,
world’s land area over three continents,
more than 25 percent of global GDP.
The bank will be headquartered in Shanghai, China.
Each participant country will be assigned one vote, and none of the countries will have veto power.
Kundapur Vaman Kamath, is the newly appointed chief of the New Development Bank of BRICS countries, he was chairman of Infosys Limited,
He was Non-Executive Chairman of ICICI Bank, India's largest private bank.
Kamath was also ICICI Bank's managing director and CEO
His tenure was from 1 May 1996 he retired on 30 April 2009