BRICS-led New Development bank to set up regional office in India

Daily Current Affairs / BRICS-led New Development bank to set up regional office in India

Change Language English Hindi

Category : National Published on: May 23 2022

Share on facebook

The New Development Bank (NDB), the Shanghai-based multilateral bank of the Brics countries, will open its first regional office in India at the Gujarat International Finance Tec-City (GIFT City).
The India office will focus on expanding its footprint in the country with planning and implementing new projects as well as monitoring them.
It officially opened its Africa Regional Center (ARC) in Johannesburg in 2017; Americas Regional Office (ARO) in São Paulo with a sub-office in Brasília n 2019, and the Eurasian Regional Centre (ERC) in Moscow in 2020.

Jasprit Bumrah and Smriti Mandhana named world's top cricketers in Wisden 2025.
Read More....
India declares state mourning for Pope Francis with flags at half-mast.
Read More....
Minors aged 10+ can now open and operate bank accounts independently: RBI.
Read More....
Poonawalla Fincorp and MobiKwik partner to offer instant personal loans via ZIP EMI.
Read More....
Simranpreet Kaur wins silver in 25m pistol at ISSF World Cup.
Read More....
Rohit, Kohli retain top BCCI contract; Iyer and Kishan return to contract list.
Read More....
26 killed in Pahalgam terror attack during tourist visit.
Read More....
LG Electronics pauses IPO plans for Indian unit due to lower expected valuation.
Read More....
Earth Day celebrated globally; 'Save Earth Conclave' inaugurated by Amit Shah.
Read More....
Air India to acquire Boeing planes originally meant for Chinese carriers.
Read More....

BRICS-led New Development bank to set up regional office in India