Criteria for new NDB members soon: K V Kamath

When asked for names of potential new members, he said question was a bit premature

The New Development Bank (NDB) will have more members and will make public the criteria for prospective members by June, K V Kamath, the multilateral agency’s chairman, said on Saturday. NDB board of directors has approved the terms, conditions and procedures for inclusion of new members.

The NDB — also known as the BRICS Bank —  is holding its second annual meeting for its member countries, Brazil, Russia, India, China and South Africa in New Delhi.

“The terms and conditions for membership have been approved by the board today. We will now work on the criteria. Clearly there ought to