Which financial institution of India has become the first to sign MoU with the BRICS promoted ‘New Development Bank (NDB)’?
Which financial institution of India has become the first to sign MoU with the BRICS promoted ‘New Development Bank (NDB)’?
[A]Small Industries Development Bank of India (SIDBI)
[B]State Bank of India (SBI)
[C]ICICI Bank
[D]Exim Bank
ICICI Bank
ICICI Bank , the private sector lender, has become the first financial institution of India to sign MoU with the BRICS Grouping-promoted New Development Bank (NDB) for a partnership in bond issuances, co-financing, treasury management and human resources. It creates a platform for sharing knowledge and deepening network connectivity between NDB and ICICI Bank. The agreement will also facilitate NDB in exploring rupee-denominated bonds in the domestic and international markets and also help collaborate for funding India’s development project