ICICI Bank has became the first financial institution in the country that has tied up with the BRICS Grouping promoted New Development Bank (NDB) for a partnership in bond issuances, co-financing, treasury management and human resources.

ICICI Bank has said in a statement that As part of the pact, the two lenders – NDB’s first president is ICICI Bank veteran KV Kamath — will look at each other as “preferred partners”.

According to KV Kamath, the agreement “creates a platform for sharing knowledge and deepening network connectivity between NDB and ICICI Bank.

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