K V KAMATH CHOSEN FOR BRICS DEVELOPMENT BANK TO BUILD IT A GLOBAL INSTITUTION: PHD CHAMBER

K V KAMATH CHOSEN FOR BRICS DEVELOPMENT BANK TO BUILD IT A GLOBAL INSTITUTION: PHD CHAMBER

K V KAMATH CHOSEN FOR BRICS DEVELOPMENT BANK TO BUILD IT A GLOBAL INSTITUTION: PHD CHAMBER

 

No.PR-23
May 12, 2015
New Delhi

 

K V KAMATH CHOSEN FOR BRICS DEVELOPMENT BANK TO BUILD IT A GLOBAL INSTITUTION: PHD CHAMBER
 

PHD Chamber of Commerce and Industry has welcomed the appointment of the leading luminary and a proven financial wizard of the banking and financial sector Mr. K V Kamath to head the BRICS Development Bank, expressing happiness that an Indian business leader has been chosen to build a global institution.
 

In a statement issued here today, President PHD Chamber Mr. Alok B. Shriram said that the development bank being funded by Brazil, Russia, India, China and South Africa is led by an Indian with audacious track record is to be appreciated more because the job has landed to a professional par excellence..
 

“Kamath is one of the sharpest and finest minds in the Indian financial sector who guided the ICICI from development to commercial banking.  In addition, his stint with ADB also made him contribute so much to the financial sector”, said Mr. Shriram.
 

The PHD Chamber wishes Mr. Kamath all the very best and is confident that he would do his best to bring the BRICS Development Bank on par with other multilateral agencies such as the World Bank and other similar institutions of global repute.
 

ENDS.

Koteshwar Prasad Dobhal
Consultant (PR)