ICICI Bank Chairman KV Kamath appointed as BRICS bank president

Private banker KV Kamath named first BRICS bank head

Private banker KV Kamath named first BRICS bank head

Eminent banker K V Kamath has been appointed as head of the USD 50 billion New Development Bank being set up by the five emerging economies of BRICS grouping. Finance Secretary Rajiv Mehrishi said that Kamath will have a five year term of the bank, which is likely to be operationalised within one year. Kamath is the Chairman of the India’s largest private sector bank ICICI.

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