New Development Bank hopes to approve first batch of loans next quarter | Reuters

New Development Bank hopes to approve first batch of loans next quarter
| Reuters

SHANGHAI The New Development Bank will hopefully approve its first batch of loans in the next quarter, bank president K.V. Kamath said on Saturday, speaking at a briefing prior to a signing ceremony for the "BRICS bank" established by Brazil, Russia, India, China and South Africa (BRICS).


(Reporting by Brenda Goh; Editing by Jacqueline Wong)

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Updated Date: Feb 28, 2016 22:45:11 IST

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